Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 35 Oxnard Industries produces a product that requires 2.6 pounds of materials per unit The allowance for waste and spoilage per unit is 3

image text in transcribed

QUESTION 35 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 prices S2 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 31.20 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 price per pound is o$196 O $2.00 O $2.13 O S2.17 QUESTION 36 A company uses 8,400 pounds of materials and exceeds the standard by 300 pounds. The quantity variance is $1.800 unfavorable. What is the standard price? O Cannot be determined from the data provided QUESTION 37 4.05405 points Save Costs that will differ between altematives and influence the outcome of a decision are O sunk costs O relevant costs 0 product costs Cliek Save and Submit to save and submit. Click Save All Ansue Save All Answers 44 PM Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 1

Authors: Alan Sangster, Frank Wood

13th Edition

1292084669, 9781292084664

More Books

Students also viewed these Accounting questions

Question

19.9 Complete relevant cost analysis using activity-based costing.

Answered: 1 week ago

Question

Describe five career management practices

Answered: 1 week ago