Pricing across a product mix is difficult because various products have related demand and costs, and products face different degrees of competition

FourSquare and Loopt are examples of location-based social networking site

Indicate whether the statement is true or false a. True b. False

A company is setting its direct materials and direct labor standards for its leading product

Direct materials cost from the supplier are $9 per square foot, net of purchase discount. Freight-in amounts to $0.40 per square foot. Basic wages of the assembly line personnel are $14 per hour. Payroll taxes are approximately 21% of wages. Benefits amount to $2 per hour. How much is the direct materials cost standard per square foot? A) $9.40 B) $9.00 C) $16.00 D) $25.00