A Company Is Setting Its Direct Materials and Direct Labor

question 111

Multiple Choice

A company is setting its direct materials and direct labor standards for its leading product.Direct materials cost from the supplier are $8 per square foot,net of purchase discount.Freight-in amounts to $0.10 per square foot.Basic wages of the assembly line personnel are $18 per hour.Payroll taxes are approximately 25% of wages.Benefits amount to $4 per hour.How much is the direct materials cost standard per square foot?

• A)$8.10
• B)$8.00
• C)$22.00
• D)$30.00

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Definitions:

Statistically Significant

A measure indicating that an observed effect is likely not due to chance alone.

Chance Findings

Unexpected discoveries or results that occur without deliberate search, often during the course of an unrelated study or activity.

Rare Disorder

A health condition that affects a small percentage of the population, often characterized by unique symptoms and challenges in diagnosis and treatment.

Generalizability

The extent to which findings from a study or piece of research can be applied to broader populations or different contexts.