XYZ Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedarwood, sold by the square foot. The current cost of cedarwood is $8.00 per square foot from the supplier. Delivery costs are $0.25 per square foot. Carpenters' wages are $25.00 per hour. Payroll costs are $3.60 per hour, and benefits are $6.00 per hour. How much is the direct materials standard cost per square foot? Select one: $8.25 $11.85 $8.00 O $14.25 Next page