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Concord Corporation produces a product that requires 2 . 6 0 pounds of materials per unit. The allowance for waste and spoilage per unit is
Concord Corporation produces a product that requires pounds of materials per unit. The allowance for waste and spoilage per unit is pounds and pounds, respectively. The purchase price is $ per pound, but a discount is usually taken. Freight costs are $ per pound, and receiving and handling costs are $ per pound. The hourly wage rate is $ per hour, but a raise which will average $ will go into effect soon. Payroll taxes are $ per hour, and employee benefits average $ per hour. Standard production time is hour per unit, and the allowance for rest periods and setup is hours and hours, respectively. The standard direct materials price per pound is
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