Vaughn Manufacturing produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $5 per pound, but a 2% discount is usually taken. Freight costs are $0.2 per pound, and receiving and handling costs are $0.05 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.3 will go into effect soon. Payroll taxes are $120 per hour, and fringe benefits average $2.40 per houn: 5 tandard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, respectively. The standard direct materials price per pound is $5.25$4.90$5.00$5.15