Labor data for making one liter of finished product in Kozlov Paints are as follows. (1) Pricehourly

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Labor data for making one liter of finished product in Kozlov Paints are as follows. (1) Price—hourly wage rate €14.00, payroll taxes €0.80, and fringe benefits €1.20. (2) Quantity—actual production time 1.1 hours, rest periods and cleanup 0.25 hours, and setup and downtime 0.15 hours. 

Compute the following.

a. Standard direct labor rate per hour.

b. Standard direct labor hours per liter.

c. Standard labor cost per liter.

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Related Book For  answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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