Marigold Corp produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are$0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $18 per hour, but a raise which willaverage $0.30 will go into effect soon. Payroll taxes are $1.80 per hour, and employee benefits average $3.60 per hour. Standardproduction time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. Thestandard direct labor rate per hour isO$18.00,O$23.40$23.70.O$18.30

Under standard costing the cost will be estimated at the beginning based on past data on cost. Then…

Answered: Marigold Corp. produces a product that…

Principles of Accounting Volume 2

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Chapter2: Building Blocks Of Managerial Accounting

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Bramble Corp. produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $17 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.70 per hour, and employee benefits average $3.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct labor rate per hour is O $17.00. O $17.30. O $22.40. O $22.10. Save for Later Attempts: 0 of 1 used Submit Answer
Bramble Corp. produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $17 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.70 per hour, and employee benefits average $3.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct labor rate per hour is $22.40. O $17.30. $22.10. $17.00.
Waterway Industries produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $4 per pound, but a 2% discount is usually taken. Freight costs are $0.30 per pound, and receiving and handling costs are $0.03 per pound. The hourly wage rate is $15 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.50 per hour, and employee benefits average $3.00 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct materials price per pound is $3.92. $4.33. $4.00. $4.25.
Bonita Industries produces a product that requires 2.30 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.40 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, per hour, and employee benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct materials quantity per unit is Ⓒ 2.70 pounds. O 2.30 pounds. O 2.40 pounds. O 2.80 pounds.
Waterway Industries produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $14 per hour, but a raise which will average $0.20 will go into effect soon. Payroll taxes are $1.40 per hour, and employee benefits average $2.80 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct labor rate per hour is $18.40. $14.20. $14.00. O $18.20.
Bonita Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $4 per pound, but a 2% discount is usually taken. Freight costs are $0.4 per pound, and receiving and handling costs are $0.08 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.3 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 0.2 hours and 0.1 hours, respectively.The standard direct materials price per pound is A. $3.92. B. $4.40. C. $4.48. D. $4.00.
Coronado Industries produces a product that requires 3.70 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.60 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, per hour, and employee benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct materials quantity
Swifty Corporation produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $4 per pound, but a 2% discount is usually taken. Freight costs are $0.50 per pound, and receiving and handling costs are $0.03 per pound. The hourly wage rate is $13 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.30 per hour, and employee benefits average $2.60 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct materials price per pound is $3.92. $ 4.45 $4.53. $4.00.
Sunland Company produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken, Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $8 per hour, but a raise which will average $0.40 will go into effect soon. Payroll taxes are $0.80 per hour, and employee benefits average $1.60 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct labor rate per hour is O $10.80. O $8.00. O $10.40. O $8.40.
Concord Corporation produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $13 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.30 per hour, and employee benefits average $2.60 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct labor rate per hour is a. $16.90. b. $13.30. c. $17.20. d. $13.00.
Sheridan Company produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, and employee benefits average $2.40 per hour. Standard production time is 1.50 hour per unit, and the allowance for rest periods and setup is 0.70 hours and 0.10 hours, respectively. The standard direct labor hours per unit is O2.20 hours. O2.30 hours. O 1.60 hours. O 1.50 hour.
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 allowance 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: 8. 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: The standard direct labor rate per hour is 9. a. QMR 9.00. b. QMR 9.25. OMR 12.00. d. OMR 12.25. C.…

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