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Novak Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $12.10, payroll taxes $2.90, and employee benefits
Novak Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $12.10, payroll taxes $2.90, and employee benefits $2.30. (2) Quantity-actual production time 2.2 hours, rest periods and clean up 0.23 hours, and setup and downtime 0.17 hours. Compute the following. (Round answers to 2 decimal places, es. 52.75.) (a) Standard direct labor rate peghour (b) Standard direct labor hours per pound hours (c) Standard cost per pound
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