Concord Corporation produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a-raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, ' 7 and employee benets average $2.40 per hour. Standard production time is 2.00 hour per unit, I and the allowance for rest periods and setup is 0.30 hours and 0.20 hours, respectively. The standard direct labor hours per unit is K O 2.00 hour. 0 2.30 hours. Q) 2.20 hours. - O 2.50 hours