Swifty Corporation produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.20 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% dixcount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will uyerage $0.30 will go into effect soon, Payroll taxes are $1.20 per hour, per hour, and employee benefits average $2.40 per hour. Standard production time is 1 hour perunit, and the allowarice for rest periods and setup is 0.20 hours and 0.10 hosirs, respectively Thestandard direct materials quantity per unit is 2.60 pounds 280 pounds 2.0 pounds 2.90 irounds