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Labor data for making one gallon of finished product in Bing Company are as follows. (1) Price-hourly wage rate $17.00, payroll taxes $0.80, and fringe
Labor data for making one gallon of finished product in Bing Company are as follows. (1) Price-hourly wage rate $17.00, payroll taxes $0.80, and fringe benefits $1.80. (2) Quantity-actual production time 1.30 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.20 hours. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) $ $ (b) Standard direct labor rate per hour. Standard direct labor hours per gallon. Standard labor cost per gallon. hours (c) $
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