Banask Cabinetry makes oak cabinets for hi-end kitchens & bathrooms, below are their budgeted costs, Materials required in Ibs. 3.8 Allowance for waste & 0.2 spoilage Allowance for rejects (in 0.2 lbs.) Quantity needed in Ibs. 4.2 The above would be an example of a Ideal Standard Practical Standard All of the Above O Industry Standard