Labor Data for Making One Pound of Finished Product in Ortiz

question 151

Essay

Labor data for making one pound of finished product in Ortiz Company are as follows: (1) Price-hourly wage rate $10.00, payroll taxes $0.80, and fringe benefits $1.20. (2) Quantity-actual production time 1.1 hours, rest periods and clean up 0.25 hours, and setup and downtime 0.15 hours.
Instructions
Compute the following.
(a) Standard direct labor rate per hour.
(b) Standard direct labor hours per pound.
(c) Standard cost per pound.

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Definitions:

Content Management System

A software application or set of related programs used to create and manage digital content, often utilized for web content and asset management.

Different Locations

Various geographic places or positions differing from one another.

Collaborative Writing

The process where multiple individuals contribute to the creation of a document or written content.

Project Goals

Specific objectives or outcomes that a project aims to achieve within a defined time frame.