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Culver Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $12.90, payroll taxes $3.70, and employee benefits

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Culver Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $12.90, payroll taxes $3.70, and employee benefits $3.10. (2) Quantity-actual production time 3.0 hours, rest periods and clean up 0.24 hours, and setup and downtime 0.16 hours. Compute the following. (Round answers to 2 decimal places, e.g. 52.75.) (a) Standard direct labor rate per hour (b) Standard direct labor hours per pound hours (c) Standard cost per pound

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