Accounting 25-3

Labor data for making one gallon of finished product in Bing Company are as follows. Price-hourly wage rate $14.70, payroll taxes $0.68, and fringe benefits $1.46. Quantity-actual production time 1.46 hours, rest periods and cleanup 0.28 hours, and setup and downtime 0.24 hours. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) Standard direct labor rate per hour. Standard direct labor hours per gallon. Standard labor cost per gallon