Final answer:
The standard hours required to make one chest is eight hours, and with an hourly wage of $20.00, the standard labor cost per chest is $160.00.
Step-by-step explanation:
To calculate the standard hours per chest, one must sum the time taken by each employee for different stages of the production process. The first employee takes four hours to mill the wood. The second employee takes 0.5 hours (30 minutes) to cut the wood to size. The third employee spends two hours on assembly and sanding. Finally, it takes 1.5 hours for finishing. Adding these durations together gives us a total of eight hours per chest.
The standard cost per chest for labor is determined by multiplying the standard hours by the hourly wage. Since all employees are paid $20.00 per hour, the calculation is as follows: 8 hours * $20.00/hour = $160.00. Therefore, the standard labor cost per chest is $160.00.
The standard labor hours per chest can be calculated by adding up the time taken by each employee to complete their respective tasks. The first employee spends 4 hours selecting and milling the wood. The second employee takes 30 minutes to cut the wood to the proper size. The third employee spends 2 hours assembling and sanding the chest. Finally, the finishing department takes 1.5 hours to finish the chest. Adding these times together, the standard labor hours per chest would be 4 + 0.5 + 2 + 1.5 = 8 hours.
The standard labor cost per chest can be calculated by multiplying the standard labor hours per chest by the hourly wage of $20 per hour. So, 8 hours multiplied by $20 per hour gives a standard labor cost per chest of 8 * $20 = $160.