Current Atterngt in Prosress Concond Corporation prodioes a proouct that requires 2.60 pounds of materials per unit. The allowance for waste and spoilape per unitis 030 pounds and 010 pounds, respectively. The purchase price is 55 per pound, but a 2% diccount is usually taken Freight costs are $040 per pound, and receiving and handilig costs are $003 per pound. The hourly wage rate is $13 per hour, but a palse which wilf merage 50.30 wifl bo into effect soon. Payroll taves are $1.30 per hour, and emplovee beref ts werage $260 per hoor 5 tandiand production time is 1 hour per unit, and the allowance for rest periods and setup is 0 zo hours and 010 hours, respectiroly The standardidirect enaterials pace per pound is $500$490$535$542