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Labor data for making one gallon of finished product in Bing Company are as follows. (1) Pricehourly wage rate $15.80, payroll taxes $0.80, and fringe
Labor data for making one gallon of finished product in Bing Company are as follows. (1) Pricehourly wage rate $15.80, payroll taxes $0.80, and fringe benefits $1.30. (2) Quantityactual production time 1.10 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.20 hours. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.)
(a) | Standard direct labor rate per hour. | $enter a dollar amount rounded to 2 decimal places | |||
---|---|---|---|---|---|
(b) | Standard direct labor hours per gallon. | enter a number of hours rounded to 2 decimal places | hours | ||
(c) | Standard labor cost per gallon. | $enter a dollar amount rounded to 2 decimal places |
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