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Faucet Industries Inc. manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Faucet Industries has 30 employees. Each employee presently provides
Faucet Industries Inc. manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Faucet Industries has 30 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows Standard wage per hour Standard labor time per faucet Standard number of lbs. of zinc Standard price per lb. of zinc Actual price per lb. of zinc Actual lbs. of zinc used during the week Number of faucets produced during the week Actual wage per hour Actual hours per week $16.80 20 min. 1.9 lbs. $10.00 $10.25 14,100 lbs. 7,200 $17.30 1,200 hrs
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