Multiple Choice Question 71 Swifty Corporation produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spolage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $2 per pound, but a 2% dscourt ts usually taken. Freight costs are 0.1 per pound, and receiv ng and handing costs are SO.03 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.3 wil go into effect soon. Payrol taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, respectively The standard direct materials price per pound is O $2.00. O $2.13. $2.09 $1.96