Acompany is setting its direct materials and direct labor standards for its leading product. direct material costs from the supplier are​ $7 per square​ foot, net of purchase discount.​ freight-in amounts to​ $0.10 per square foot. basic wages of the assembly line personnel are​ $19 per hour. payroll taxes are approximately​ 25% of wages. how much is the direct labor cost standard per​ hour

Munoz company and perez company both apply overhead to the work in process inventory account using direct labor hours. the following information is available for both companies for the year: munoz company perez company actual manufacturing overhead $ 169,100 $ 216,000 actual direct labor hours 24,000 20,000 underapplied overhead 20,000 overapplied overhead 26,500 required compute the predetermined overhead rate for each company. using t-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial.