Vasquez, Inc. is establishing the direct materials and direct labor standards for its leading product. Materials cost from the supplier are $5 per square foot, net of purchase discount. Freight-in amounts to $0.10 per square foot. Basic wages of the assembly line personnel are $10 per hour. Payroll taxes are approximately 20% of wages. Benefits amount to $2 per hour. How much is the direct material cost standard per square foot? Multiple Choice $17.10 per square foot. $5.10 per square foot. $5.00 per square foot. $12.00 per square foot. None of the answers is correct