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Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and
Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and 1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.30 will go into effect soon. Payroll 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 2 hours and 1 hours, respectively. The standard direct materials quantity per unit is Select one: O a. 2.9 pounds O b. 3.0 pounds O c. 2.7 pounds O d. 2.6 pounds Monte, Inc. recorded operating data for its Sandtrap division for the year. Monte requires its return to be 9%. Sales $1,000,000 Controllable margin 180,000 Total average assets 600,000 Fixed costs 60,000 How much is ROI for the year? Select one: O a. 10% O b. 20% O c. 17% O d. 30%
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