Blue Spruce Company's labor data for making one pound of nished product are as follows: (1) Pricehourly wage rate $13.40, payroll taxes $4.20, and employee benets $3.60. (2) Quantityactual production time 3.5 hours, rest periods and clean up 0.30 hours, and setup and downtime 0.20 hours. Compute the following. (Round answers to 2 decimal places, e3. 52.75.) (a) Standard direct labor rate per hour $ (b) Standard direct labor hours per pound hours ((2) Standard cost per pound $