Analyze Dura-Conduit Corporation's process costs Dura-Conduit Corporation manufactures plastic conduit that is used in the cable industry. A conduit is a tube that encircles and protects the underground cable. In the process for making the plastic conduit, called extrusion, the melted plastic (resin) is pressed through a die to form a tube. Scrap is produced in this process. Information from the cost of production reports for three months is as follows, assuming that inventory remains constant: Resin pounds input into the process Price per pound Plastic material costs Conversion costs May 460,000 June 600,000 July 640,000 x $1.05 x $1.05 x $1.05 $483,000 $630,000 $672,000 Conduit output from the process (feet) $90,000 $110,000 $112,000 900,000 1,100,000 1,120,000 Assume that there is one-half pound of resin per foot of the finished product. a. Determine the resin materials cost per foot of finished product for each month. Round to the nearest whole cent. May June July per foot per foot per foot b. Determine the ratio of the number of resin pounds output in conduit by the number of pounds input into the process for each month. Round percentages to one decimal place. May % June July %