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Labor data for making one box of finished product in TruForm Industries are as follows: (1) Price Components per Hour: ⚫ Hourly Rate - $13.75 = ⚫ Payroll Taxes = $1.05 . . Fringe Benefits = $1.45 (2) Labor Quantity Components per Box: . Actual Production Time = 1.1 hours . Rest Periods and Cleanup = 0.25 hours • Setup Downtime = 0.15 hours Compute the following: • • a) Standard Direct Labor Rate Per Hour b) Standard Direct Labor Hours Per Box . c) Standard Labor Cost Per Box

Labor data for making one box of finished product in TruForm Industries are as follows: (1) Price Components per Hour: ⚫ Hourly Rate - $13.75 = ⚫ Payroll Taxes = $1.05 . . Fringe Benefits = $1.45 (2) Labor Quantity Components per Box: . Actual Production Time = 1.1 hours . Rest Periods and Cleanup = 0.25 hours • Setup Downtime = 0.15 hours Compute the following: • • a) Standard Direct Labor Rate Per Hour b) Standard Direct Labor Hours Per Box . c) Standard Labor Cost Per Box

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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Labor data for making one box of finished product in TruForm Industries are as follows: (1) Price Components per Hour: ⚫ Hourly Rate - $13.75 = ⚫ Payroll Taxes = $1.05 . . Fringe Benefits = $1.45 (2) Labor Quantity Components per Box: . Actual Production Time = 1.1 hours . Rest Periods and Cleanup = 0.25 hours • Setup Downtime = 0.15 hours Compute the following: • • a) Standard Direct Labor Rate Per Hour b) Standard Direct Labor Hours Per Box . c) Standard Labor Cost Per Box
Transcribed Image Text:Labor data for making one box of finished product in TruForm Industries are as follows: (1) Price Components per Hour: ⚫ Hourly Rate - $13.75 = ⚫ Payroll Taxes = $1.05 . . Fringe Benefits = $1.45 (2) Labor Quantity Components per Box: . Actual Production Time = 1.1 hours . Rest Periods and Cleanup = 0.25 hours • Setup Downtime = 0.15 hours Compute the following: • • a) Standard Direct Labor Rate Per Hour b) Standard Direct Labor Hours Per Box . c) Standard Labor Cost Per Box
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