8. Use the information provided to calculate standard costs:

To make one switch it takes 18 feet of plastic-coated copper wire and 0.8 pounds of plastic material. The plastic material can usually be purchased for $19 per pound, and the wire costs $2.97 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.9 hours. These workers are paid $28 per hour. The second type of labor is finishing, which takes 2.6 hours. These workers are paid $27 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.3 per labor hour. The fixed overhead rate is $14.16 per hour.

What is the total standard cost for direct materials? Round to the nearest penny, two decimal places.

9. Use the information provided to calculate standard costs:

To make one switch it takes 17 feet of plastic-coated copper wire and 0.1 pounds of plastic material. The plastic material can usually be purchased for $18 per pound, and the wire costs $2.65 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.6 hours. These workers are paid $27 per hour. The second type of labor is finishing, which takes 2.2 hours. These workers are paid $27 per hour. Overhead is applied using labor hours. The variable overhead rate is $15.51 per labor hour. The fixed overhead rate is $15.71 per hour.

What is the total standard cost for direct labor? Round to the nearest penny, two decimal places