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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

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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 2 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 $.12 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.40 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. What is the standard direct materials quantity per unit, in pounds? (include the answer to the tenth place)

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