Question 3 A company is setting its direct materials and direct labor standards for its leading product. Direct materials cost from the supplier are $9 per square foot. Basic wages of the assembly line personnel are $14 per hour. Payroll taxes are approximately 21% of wages. Benefits amount to $2 per hour. How much is the direct materials cost standard per square foot? $9.40 $9.00 $16.00 $25.00