Breakmoming Corporation produces a product that requires 2.6 pournds of materials per unit. The allowance for waste and spoilage per unit is.3 pounds and.1 pounds, respectively. The purchase price is OMR 4 per pound, but a 2% discount is usually taken. Freight costs are OMR 15 per pound, and receiving and handling costs are OMR.10 per pound. The hourly wage rate is OMR 9.00 per hour, but a raise which will average OMR 25 will go into effect soon. Payroll taxes are OMR 1.00 per hour, and fringe benefits average OMR 2.00 per hour. Standard production time is 1 hour per unit, and the allowarnce for rest periods and setup is 2 hours and .1 hours, respectively. 7. The standard direct materials price per pound is a. OMR 3.92. b. OMR 4.00. C. OMR 4.17 d. OMR 4.25 Answer. The standard direct materials quantity per unit is a. 2.6 pounds. b. 2.7 pounds. c. 2.9 pounds. d. 3.0 pounds. Answer: 8. The standard direct labor rate per hour is a. OMR 9.00. b. QMR 9.25. C. OMR 12.00. d. OMR 12.25. Answer: 9.
Breakmoming Corporation produces a product that requires 2.6 pournds of materials per unit. The allowance for waste and spoilage per unit is.3 pounds and.1 pounds, respectively. The purchase price is OMR 4 per pound, but a 2% discount is usually taken. Freight costs are OMR 15 per pound, and receiving and handling costs are OMR.10 per pound. The hourly wage rate is OMR 9.00 per hour, but a raise which will average OMR 25 will go into effect soon. Payroll taxes are OMR 1.00 per hour, and fringe benefits average OMR 2.00 per hour. Standard production time is 1 hour per unit, and the allowarnce for rest periods and setup is 2 hours and .1 hours, respectively. 7. The standard direct materials price per pound is a. OMR 3.92. b. OMR 4.00. C. OMR 4.17 d. OMR 4.25 Answer. The standard direct materials quantity per unit is a. 2.6 pounds. b. 2.7 pounds. c. 2.9 pounds. d. 3.0 pounds. Answer: 8. The standard direct labor rate per hour is a. OMR 9.00. b. QMR 9.25. C. OMR 12.00. d. OMR 12.25. Answer: 9.
Chapter1: Financial Statements And Business Decisions
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Problem 1Q
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