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Kimm Company has gathered the information shown below about its product. Direct materials. Each unit...

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Accounting

Kimm Company has gathered the information shown below about its product. Direct materials. Each unit of product contains 3.90 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.70 pounds. Materials cost $2 per pound, but Kimm always takes the 2.90% cash discount all of its suppliers offer. Freight costs average $0.26 per pound. Direct labor. Each unit requires 1.10 hours of labor. Setup, cleanup, and downtime average 0.16 hours per unit. The average hourly pay rate of Kimm

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