Multiple Choice
Artscapes Company is setting its direct materials and direct labor standards for its leading product. Materials cost from the supplier are $4.50 per square foot, net of purchase discount. Freight-in amounts to $0.10 per square foot. Basic wages of the assembly line personnel are $12.00 per hour. Payroll taxes are approximately 20% of wages. Benefits amount to $3.00 per hour. How much is the direct material price standard (per square foot) ?
A) $4.60 per square foot
B) $4.00 per square foot
C) $3.90 per square foot
D) $16.50 per square foot
Correct Answer:
Verified
Correct Answer:
Verified
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