Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 22. houston industries produces a product that req

22. Houston Industries produces a product that requires 2.6 pounds of materials per unit. The...

50.1K

Verified Solution

Question

Accounting

image

22. Houston 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 price is $2 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 $1.20 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 .2 hours and .1 hours, respectively. The standard direct labor rate per hour is $12.00 $12.30 $15.60 $15.90

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If you currently have$200’000 in your retirement account , and plan to contribute $10,000 per year...

Finance
Q

A turbine flowmeter has a bore of internal diameter 150 mm. The rotor consists of eight blades,...

Mechanical Engineering
Q

M8D2) Choking is a commonly misunderstood phenomenon in sports. To fully understand this concept it can be...

Psychology
Q

The boundary between the crust and the mantle is known as O the Moho a...

Biology
Q

In a particular bag of skittles there are 11 red 9 orange 10 green 14...

Statistics
Q

For the function f(x) = 8x - 5, construct and simplify the difference quotient{f(x+h)-f(x)}hThe difference...

Algebra
Q

Teller purchased merchandise from TechCom on October 17 of the current year and TechCom accepted...

Accounting
Q

2022 Which one is correct and explain please. An asset (not an...

Accounting
Q

Which of the following is NOT part of the usual bundle of rights held by...

Finance
Q

While at your desk at the investment firm you have been asked to determine the...

Finance
Q

Cnavez Company most recently reconclied its Dank statement and Dook balances ot casn on August...

Accounting
Q

Forecasting Assignment and Popularity Index (PI) To be done individually within the forecast format ...

Finance