A company is setting its direct materials and direct labor standards for its leading product. Direct materials cost from the supplier are $5 per square foot, net of purchase discount. Freight-in amounts to $0.40 per square foot. Basic wages of the assembly line personnel are $17 per hour. Payroll taxes are approximately 22% of wages. Benefits amount to $4 per hour. How much is the direct materials cost standard per square foot?

$5.4

Explanation:

If a company is setting its direct materials and direct labor standards for its leading product and Direct materials cost from the supplier are $5 per square foot, net of purchase discount. Freight-in amounts to $0.40 per square foot.

Therefore the direct materials cost standard per square foot will be: Direct materials cost from the supplier are $5 per square foot, net of purchase discount., PLUS  Freight-in amounts to $0.40 per square foot. which is $5.4 per square foot.

Generally Direct Material Cost is the total cost incurred by the company in purchasing the raw material along with the cost of other components including packaging, freight and storage costs, taxes, etc that are related directly to the manufacturing and production of various products of the company.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: