Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT ECES RK on) Practice Exercise 02 (Part Level Submission) PuzzleJigs manufactures custom jigsaw puzzles by turning a customer's 13 x 13 photograph into a 340-piece puzzle. The following information has been provided by various units within the company. Each photograph is mounted onto a 17 x 21 piece of cardboard using 3 ounce of adhesive. The company buys the cardboard in bundles of 540 pieces for $110. Puzzle Jigs pays shipping costs of $19 per bundle on the cardboard. The mounting adhesive costs $0.27 per ounce. Each finished puzzle is packaged in a box that costs PuzzleJigs $0.70 to purchase. It takes 25 minutes for a worker to mount the picture, cut the puzzle, and pack it in a box. Workers are paid $6.80 per hour; fringe benefits amount to an additional 25 percent of wages. PuzzleJigs applies overhead at a rate of $14 per direct labor hour. (a) udy. Calculate the standard price and quantity for each component of direct materials. (Round answers to 2 decimal places, e.g. 15.20.) Material Standard Quantity Standard Price 17x 21 cardboard sheet per sheet u Mounting adhesive $ per ounce ounce box Packing box per box LINK TO TEXT Attemnts. of Aused SAVE FOR LATER SUBMT