During the year, Gelstrop Company produced 98,000 valves used in truck engines. Gelstrop's material and labor standards are

Required:
1. Compute the standard pounds of materials allowed for the production of 98,000 units.
2. Compute the standard hours allowed for the production of 98,000 units.

Transcribed Image Text:

Direct materials (1.5 lbs. @ $3) Direct labor (0.4 hr. @ $12.50) $4.50 5.00