Cedar designs company, a custom cabinet manufacturing company, is setting standard costs for one of its products. the main material is cedar wood, sold by the square foot. the current cost of cedar wood is $ 5.00 per square foot from the supplier. delivery costs are $ 0.25 per square foot. carpenters' wages are $ 25.00 per hour. payroll costs are $ 3.60 per hour, and benefits are $ 7.00 per hour. how much is the direct labor standard cost per hour

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?