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Hilburn Chemical Company manufactures and sells Goody, a product that sells for $13 per pound The manufacturing process also yields 1 pound of a waste
Hilburn Chemical Company manufactures and sells Goody, a product that sells for $13 per pound The manufacturing process also yields 1 pound of a waste product, called Baddy, in the production of every 10 pounds of Goody Disposal of the waste product costs $2 per pound During August, the company manufactured 190,000 pounds of Goody. Total manufacturing costs were as follows. Direct materials Direct labor Manufacturing overhead costs Total costs $ 390,000 115,000 65,000 $ 608,000 Requirement Determine the cost per pound of Goody (Only complete the necessary answer boxes Round the cost per pound to the nearest cent) Direct materials 390000 115000 Direct labor Manufacturing overhead costs 65000 Waste product disposal costs. Total costs Number of pounds of Goody Cost per pound of Goody 38000 608000 190000 3.2 A
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