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What is the standard cost of producing 1 puzzle? Practice Exercise 02 (Part Level Submission) PuzzleJigs manufactures custom jigsaw puzzles by turning a customer's 14

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Practice Exercise 02 (Part Level Submission) PuzzleJigs manufactures custom jigsaw puzzles by turning a customer's 14 x 1 3 photograph Into a 350-plece puzzle. The following Information has been n . Each photograph is mounted onto a 17 x 20 pece of cardboard using 4 ounce of adhesive. The company buys in bundles of 520 pleces for $100. PuzzleJigs pays shipping costs of $20 per bundle on the cardboard. The mounting adhesive costs $0.26 per provided by various units within the company the cardboard ounce. Each finished puzzle is packaged in a box that costs puzzle, and pack it in a box. Workers are paid $6.70 per hour; fringe benefits emount to an additional 27 percent of wages. PuzzleJigs applies overhead at a rate of $12 per direct labor hour s Puzzlelgs $0 63 to purchase. It takes 28 mintes fr a worker to mount the picture, cut the ? (a) Your answer is correct Calculate the standard price and quantity for each component of direct materials. (Round answers to 2 declmal places, e.g. 15.20.) Material Standard Quantity Standard Price 24 per sheet 17x 20 cardboard Mounting adhesive Packing box a sheet 30 per ounce 63 per box 4 ounce

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