QUESTION 20 A company is setting its direct materials and direct labor standards for its leading product Direct material costs from the supplier are $10 per square foot, net of purchase discount, Freight-in amounts to $0.50 per square foot. Basic wages of the assembly line personnel are $14 per hour. Payroll taxes are approximately 22% of wages. How much is the direct materials cost standard per square foot? $10.50 $14.00 $10.00 $17.08