Pitman Chemical Company manufactures and sells Goody, a productthat sells for $10 per pound. The...
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Pitman Chemical Company manufactures and sells Goody, a productthat sells for $10 per pound. The manufacturing process also yields1 pound of a waste product, called Baddy, in the production ofevery 10 pounds of Goody. Disposal of the waste product costs $1per pound. During March, the company manufactured 200,000 pounds ofGoody. Total manufacturing cots were as follows:
Directmaterials $232,000
Directlabor 120,000
Manufacturing supportcost 60,000
Totalcosts $412,000
Determine the cost per pound of Goody
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