mathxl.com Test Salvatore... Take a Quiz/Test MyFIU Your Sets | Quizlet School o

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mathxl.com Test Salvatore... Take a Quiz/Test MyFIU Your Sets | Quizlet School of Inbox (285) Standard Costsa ques.. ACG 3301 U07 Spring 2018 Salvatore Mignec? 1 4/14/18 12:43 PM Quiz: Quiz 8 - Chapter 11 Time Remaining: 00:19:25 Submit Quiz This Question: 1 pt 10 of 10 (0 complete) This Quiz: 10 pts possible Piper Corporation, which manufactures dog toys s developing direct labor standards. The basic direct labor rate is $16.79 per hour Payroll taxes are 15% of the basic direct labor rate, while fringe benefits such as vacation and health care insurance, are $6.41 per hour. What is the standard rate per direct labor hour? ( A. S2572 O B. $19.31 C. S23.20 D. $16.79 Click to select your answer

Explanation / Answer

SOLUTION

Standard rate per direct labor hour = $25.72

Direct Labor = $16.79

Payroll taxes = $16.79 * 15% = $2.52

Fringe benefits = $6.41

Standard rate = $16.79 + $2.52 + $6.41 = $25.72

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