5. Crane Company produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $4 per pound, but a 2% discount is usually taken. Freight costs are $0.3 per pound, and receiving and handling costs are $0.06 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.3 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, respectively.

The standard direct materials price per pound is

a. $4.36.

b. $4.28.

c. $3.92.

d. $4.00

6. Bonita Industries produces a product that requires 3.1 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.2 pounds and 0.3 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.1 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, respectively.

The standard direct materials quantity per unit is

a. 3.3 pounds.

b. 3.6 pounds.

c. 3.4 pounds.

d. 3.1 pounds.

13. Swifty Corporation has a materials price standard of $2.00 per pound. 5100 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5100 pounds, although the standard quantity allowed for the output was 4900 pounds. Swifty Corporation's materials price variance is

a. $980 U.

b. $1020 F.

c. $40 U.

d. $1020 U.

Please answer all questions.

Thank you!