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Vaughn Manufacturing produces a product that requires 2.60 pounds of materials per unit. ...

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Accounting

Vaughn Manufacturing produces a product that requires 2.60 pounds of materials per unit.
The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively.
The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 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 $0.80 per hour, and employee benefits average $1.60 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct labor rate per hour is
$10.70.
0 $8.30.
$8.00.
$10.40.

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