The following information relates to Questions 1 to 2. The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at peak efciency. a skilled worker will take 24 hours to produce assemble one massage chair. Due to the complexity of manufacturing the chair, even a skilled worker who is highly efcient often needs another 3.0 hr to adjust the tools, reoil relevant machinery and rework some parts of the chair. Finally, defective chairs are discarded and 20 minutes is taken to package each acceptable massage chair. A skilled worker is paid $40 per hour which excludes on-costs of 20 per cent. Question 'I If the company adopts practical standards, what is the standard labour cost for one massage chair? Round to 2 dec places if required. $D Your last answer was interpreted as follows: 0 Question 2 Assume that for every 100 massage chairs assembled, 50 massage chairs will be defective and will have to discarded, If the company adopts practical standards, recalculate the standard labour cost for one massage chair. Round to 2 dec places if required. $D Your last answer was interpreted as follows: 0 A correct answer is 1312.0, which can be typed in as follows: 1312.0 A correct answer is 2608.0, which can be typed in as follows: 2608.0