17% D Mon 2:26 PM History Bookmarks Develop Window Help S ACCOUNTINGI/II (Accoun

Question

17% D Mon 2:26 PM History Bookmarks Develop Window Help S ACCOUNTINGI/II (Accounting 101/102) Kimmel, Accounting, 6e Gradebook ORION Dewnloadable eTextbook ignment BACK Multiple Choice Question 72 waste and spoilage per unit is 0.2 pounds and Q.1 average s0.30 will go into effect soon. Payrol taxes are Crane Company produces a product that requires 1 6 pounds of materials per unit. The allowance for pones, respectively. The proase price s sa per po handing costs are $0.1 per pound. The hourly wage rate is $12 per hout, but a raise which wil $1.20 per hour, and fringe 0.2 hours and 0.1 hours, respectively und, but·2% oscount is usually taken Freight costs are $0.1 per pond, and receiving and benefes average $2.40 per hour. Standard production time is 1 hour per unit, and the alowance for rest periods and see standard direct materials wtty per unt 1.8 pounds 1.7 pounds 1.8 pounds by accessing this Question Assistance, you w while you eam points besed on the Point Potential Policy set by your instructor savE POR MacBook Pro

Explanation / Answer

Answer is 1.9 Pounds

Normal wastage occured during production is considered as part of cost of material as this would occur in ordinary course of business however abnormal wastage is not considered like material inferior quality.

Particulars Qty Material Requirement 1.6 Wastage 0.2 Spoilage 0.1 Standard Quantity 1.9

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