A company is setting its direct materials and direct labor standards for its leading product Direct material costs from the supplier are 59 per square foot, net of purchase discount Freight-in amounts to 50 20 per square foot Basic wages of the assembly line personnel are 514 per hour Payroll taxes are approximately 22% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent) O A $308 OB. 526 08 OC. $1708 ny OD. $14.00 Prescott Corporation is considering an investment in new equipment costing 5918,000. The equipment will be depreciated on a straight-line basis over a ten-year life and is expected to have a residual value of 598,000 The equipment is expected to generate nel cash inflows of $152,000 for each of the first five years and 5116,000 for each of the last five years. What is the accounting rate of roturn associated with the equipment investment? (Round your answer to two decimal places.) OA 11 34% OB. 10.95% % OC 10 24% OD 9.05%