concord company's labor data for making one pound of finished products are as follows: (1) price - hourly wage rate $12.80, payroll taxes $3.60, and employee benefits $3.00. (2) quanity - actual production time 2.9 hours, rest periods and clean up 0.24 hours, and setup and downtimes 0.16 hours. compute the follow. (a) standard direct labor rate per hour (b) standard direct labor hours per pound (c) standard cost per pound