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The Following Direct Labor Information Pertains to the Manufacture of Product

question 17

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The following direct labor information pertains to the manufacture of product Scour:
 Time required to make one unit  2direct labor hours  Number of direct workers 50 Number of productive hours per week, per worker 40 Weekly wages per worker $500 Workers’ benefits treated as direct labor costs 20% of wages \begin{array} { l c } \text { Time required to make one unit } & \text { 2direct labor hours } \\\text { Number of direct workers } & 50 \\\text { Number of productive hours per week, per worker } & 40 \\\text { Weekly wages per worker } & \$ 500 \\\text { Workers' benefits treated as direct labor costs } & 20 \% \text { of wages }\end{array}
What is the standard direct labor cost per unit of product Scour? (CPA adapted)

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Definitions:

Ownership

The legal right or interest that an individual or entity has in an asset or property.

Corporate Form of Organization

A legal structure for a business recognized as a separate legal entity from its owners, providing limited liability protection, and able to raise capital through issuing shares.

Limited Liability

A legal structure that limits the amount of financial risk and liability to the amount a person has invested in a company.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them certain rights and potential financial benefits based on the company's performance.

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