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Marigold Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $11.80, payroll taxes $2.60, and employee
Marigold Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $11.80, payroll taxes $2.60, and employee benefits $2.00. (2) Quantity-actual production time 1.9 hours, rest periods and clean up 0.26 hours, and setup and downtime 0.14 hours. Compute the following. (Round answers to 2 decimal places, eg. 52.75) (a) Standard direct labor rate per hour $ (b) Standard direct labor hours per pound (c) Standard cost per pound eTextbook and Media hours $
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