During the year, Atwood Company produced 280,000 lathe components for industrial metal working machinery. Atwood’s direct materials and direct labor standards per unit are as follows:

Required:
1. Compute the standard pounds of direct materials allowed for the production of 280,000 units.
2. Compute the standard direct labor hours allowed for the production of 280,000 units.LO1

Transcribed Image Text:

Direct materials (5.20 lbs. @ $3.60) $18.72 Direct labor (0.75 hr. @ $15) 11.25