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Labor data for producing one unit of product XYZ at Westlake Manufacturing are as follows: • Price components: o Hourly wage rate: $15.50 o Payroll taxes: $1.25 o Fringe benefits: $2.10 Quantity components: Actual production time: 1.4 hours o Rest periods and clean up: 0.25 hours Set up and downtime: 0.35 hours Calculate the following: a. Standard direct labor rate per hour b. Standard direct labor hours per unit c. Standard labor cost per unit

Labor data for producing one unit of product XYZ at Westlake Manufacturing are as follows: • Price components: o Hourly wage rate: $15.50 o Payroll taxes: $1.25 o Fringe benefits: $2.10 Quantity components: Actual production time: 1.4 hours o Rest periods and clean up: 0.25 hours Set up and downtime: 0.35 hours Calculate the following: a. Standard direct labor rate per hour b. Standard direct labor hours per unit c. Standard labor cost per unit

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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subject: general accounting

Labor data for producing one unit of product XYZ at Westlake Manufacturing are as follows: • Price components: o Hourly wage rate: $15.50 o Payroll taxes: $1.25 o Fringe benefits: $2.10 Quantity components: Actual production time: 1.4 hours o Rest periods and clean up: 0.25 hours Set up and downtime: 0.35 hours Calculate the following: a. Standard direct labor rate per hour b. Standard direct labor hours per unit c. Standard labor cost per unit
Transcribed Image Text:Labor data for producing one unit of product XYZ at Westlake Manufacturing are as follows: • Price components: o Hourly wage rate: $15.50 o Payroll taxes: $1.25 o Fringe benefits: $2.10 Quantity components: Actual production time: 1.4 hours o Rest periods and clean up: 0.25 hours Set up and downtime: 0.35 hours Calculate the following: a. Standard direct labor rate per hour b. Standard direct labor hours per unit c. Standard labor cost per unit
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