Pronghorn Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $12.30, payroll taxes $3.10, and employee benefits $2.50. (2) Quantity-actual production time 2.4 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, e.g. 52.75.) (a) (b) (c) Standard direct labor rate per hour Standard direct labor hours per pound Standard cost per pound $ $ hours

Pronghorn Compary's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $12.30, payroll taxes $3.10, and employee benefits $2.50. (2) Quantity-actual production time 2.4 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, e.g. 52.75.) (a) Standard direct labor rate per hour (b) Standard direct labor hours per pound hours (c) Standard cost per pound