Salley is developing material and labor standards for her company. She finds that it costs $0.55 per pound of material per widget. Each widget requires 6 pounds of material per widget. Salley is also working with the operations manager to determine what the standard labor cost is for a widget. Upon observation, Salley notes that it takes 3 hours in the Wassembly department and 1 hour in the finishing department to complete one widget. All employees are paid $10.50 per hour. 1. What is the standard materials cost per unit for a widget? $3.30 $4.67 $3.06 none of the above