Coronado Industries produces a product that requires 2.60 pounds of materiak per unit The allowance for wasteand spoilige 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. Freipht costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $10 per hour. but araise which will average $0.20 will go into effect soon. Payroll taxes are $1.00 per hour, and employee benefits average $2.00 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 020 hours and 0.10 hours, respectively. The standard direct labor rateper hour is $10.00$1020$13.00$1320