Matthew Young manufactures custom T-shirts. Each T-shirt can be imprinted front and back with photos, company logos or other information. Each T-shirt requires 2 ounces of ink, 15 minutes of direct labor (processing, folding, packaging), and a plastic bag for packaging. The following information is available regarding costs. Short-sleeve T-shirts, 100-pack $330.00 Long-sleeve T-shirts, 100-pack 450.00 Direct labor, per hour 12.00 Ink, 32-ounce bottle 12.00 Plastic bags, 100-pack 6,00 Matthew applied overhead at a rate of 59.20 per direct labor hour and fringe benefits for workers are an additional 25% of wages What is the standard cost of producing one long sleeve T-shirt? $10.55 $10.16 $1136 $10.61