Part B. calculate the standard price and quantity for direct labor.

Part C. Calculate the standard price and quantity for manufacturing overhead.

Part D. Calculate the standard cost of producing one puzzle.

Practice Exercise 02 (Part Level Submission) Puzzle Jigs manufactures custom jigsaw puzzles by turning a customer's 10 x 12 photograph into a 300-piece puzzle. The following information has been provided by various units within the company. Each photograph is mounted onto a 19 x 19 piece of cardboard using 4 ounce of adhesive. The company buys the cardboard in bundles of 510 pieces for $120. Puzzle Jigs pays shipping costs of $16 per bundle on the cardboard. The mounting adhesive costs $0.26 per ounce. Each finished puzzle is packaged in a box that costs PuzzleJigs $0.82 to purchase. It takes 25 minutes for a worker to mount the picture, cut the puzzle, and pack it in a box. Workers are paid $6.80 per hour; fringe benefits amount to an additional 28 percent of wages. Puzzle Jigs applies overhead at a rate of $11 per direct labor hour. (a) Calculate the standard price and quantity for each component of direct materials. (Round answers to 2 decimal places, e.g. 15.20.) Material Standard Quantity Standard Price 19x 19 cardboard sheet $ per sheet Mounting adhesive ounce per ounce Packing box box $ per box LINK TO TEXT Attempts: 0 of 5 used