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Labor data for making one gallon of finished product in Tang Company are as follow: (1) Price-hourly rate $13.00, payroll taxes $0.80, and fringe benefits $1.20. (2) Quantity-Actual production time 1.1 hours, rest periods and cleanup $0.25 hours, and setup downtime 0.15 hours. Compute the following. a) Standard Direct Labor Rate Per hour. b) Standard Direct Labor Hours Per Gallon. c) Standard Labor Cost Per Gallon.

Labor data for making one gallon of finished product in Tang Company are as follow: (1) Price-hourly rate $13.00, payroll taxes $0.80, and fringe benefits $1.20. (2) Quantity-Actual production time 1.1 hours, rest periods and cleanup $0.25 hours, and setup downtime 0.15 hours. Compute the following. a) Standard Direct Labor Rate Per hour. b) Standard Direct Labor Hours Per Gallon. c) Standard Labor Cost Per Gallon.

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 gallon of finished product in Tang Company are as follow: (1) Price-hourly rate $13.00, payroll taxes $0.80, and fringe benefits $1.20. (2) Quantity-Actual production time 1.1 hours, rest periods and cleanup $0.25 hours, and setup downtime 0.15 hours. Compute the following. a) Standard Direct Labor Rate Per hour. b) Standard Direct Labor Hours Per Gallon. c) Standard Labor Cost Per Gallon.
Transcribed Image Text:Labor data for making one gallon of finished product in Tang Company are as follow: (1) Price-hourly rate $13.00, payroll taxes $0.80, and fringe benefits $1.20. (2) Quantity-Actual production time 1.1 hours, rest periods and cleanup $0.25 hours, and setup downtime 0.15 hours. Compute the following. a) Standard Direct Labor Rate Per hour. b) Standard Direct Labor Hours Per Gallon. c) Standard Labor Cost Per Gallon.
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