Becton Labs, Incorporated, produces various chemical compounds for industrial use. One compound, called Fludex, has the following standard cost per unit:

$\backslash$table$[[,$Standard Quantity or$,$Standard Price or$,$Standard$],[$Direct materials,Hours,Rate,Cost$],[$Direct labor,$2\mathrm{.}50.$ ounces,$$19\mathrm{.}00$ per ounce,$$47\mathrm{.}50$