Multiple Choice Question 72 Sheffield Corp. produces a product that requires 2.1 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.2 pounds and 0.1 pounds, respectively. The purchase price is $2 per pound, but a 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 $12 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 materials quantity per unit is

Standard quantity= 2.4 pounds

Explanation:

Giving the following information:

Sheffield Corp. produces a product that requires 2.1 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.2 pounds and 0.1 pounds, respectively.

To calculate the standard quantity, we need to add the allowance for waste and spoilage.

Standard quantity= 2.1 + 0.2 + 0.1

Standard quantity= 2.4 pounds

statement of owner's equity;

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.