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Attempt in Progress ighn Manufacturing produces a product that requires 3 . 4 0 pounds of materials per unit. The allowance for waste and spoilage

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ighn Manufacturing produces a product that requires 3.40 pounds of materials per unit. The allowance for waste and spoilage per t is 0.40 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise whill rage $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, per hour, and employee benefits average $2.40 per hour. ndard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. estandard direct materials quantity per unit is
3.90 pounds.
3.80 pounds.
3.40 pounds.
3.50 pounds.
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