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Sergey Company has gathered the information shown below about its product. Direct materials: Each unit of product contains 4.80 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.50 pounds. Materials cost $2 per pound, but Sergey always takes the 1.53% cash discount all of its suppliers offer. Freight costs average $0.40 per pound. Direct labor: Each unit requires 1.80 hours of labor. Setup, cleanup, and downtime average 0.15 hours per unit. The average hourly pay rate of Sergey's employees is $12.20. Payroll taxes and fringe benefits are an additional $3.30 per hour. Manufacturing overhead: Overhead is applied at a rate of $7.80 per direct labor hour. Compute Sergey's total standard cost per unit.
the controller of ferrence company estimates the amount of materials handling overhead cost that should be allocated to
Term Structure of Interest Rates
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A company purchased $4,000 worth of merchandise. Transportation costs were an additional $400. The company later returned $445 worth of merchandise and paid the invoice within the 3% cash discount period. The total amount paid for this merchandise..
Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. Budgeted production for the second quarter should
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