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Marigold Corp. produces a product that requires 2.6 pounds of materials per unit. The allowance...

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Accounting

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Marigold Corp. 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 $2 per pound, buta 2% discount is usually taken. Freight costs are $ 0.1 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 $ 0.30 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 labor rate per hour is O $8.30 O $11.60 O $8.00. O $11.90

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