14 A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $9.00 per square foot, net of purchase discount. Freight – in amounts to $0.40 per square foot. Basic wages ofthe assembly line personnel are $16.00 per hour. Payroll taxes are approximately 20% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.)..O A. $28.20O B. $3.20O C. $19,20O D. $16.00

Direct labour cost standard = basic wage + payroll taxes =$16 + ($ 16*20) =$16 + $3.2 =$19.20

Answered: its leading product. Direc

Business

Accounting

its leading product. Direc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $9.00 per square foot, net of purchase discount. Freight – in amounts to $0.40 per square foot. Basic wages of
the assembly line personnel are $16.00 per hour. Payroll taxes are approximately 20% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.)
..
O A. $28.20
O B. $3.20
O C. $19,20
O D. $16.00

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two questions
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You put 491-28 why is it 28 and not - 175?? Can you explain that please?
E12.4