Question

Return to Blackboard Davis, Managerial Accounting, 3e Help I System Anncuncements NEXT CALCULATOR PRINTER VERSrON BACK Practice Exercise 02 (Part Level Submission) Puzzleligs manufactures custom jigsaw puzzles by turning a customer's 12 x 15 photograph into a 310-piece puzzle. The following information has been provided by various units within the company. Each photograph is mounted onto a 17 x 21 piece of cardboard using 2 ounce of adhesive. The company buys the cardboard in bundles of 510 pieces for $140. Puzzleligs pays shipping costs of $16 per bundle on the cardboard. The mounting adhesive costs $0.26 per ounce. Each finished puzzle is packaged in a bax that costs Puzzleligs $0.76 to purchase. It takes 25 minutes for a worker to mount the picture, cut the puzzle, and pack it in a box. Workers are paid $6.60 per hour; fringe benefits amount to an additional 25 percent of wages. Puzzleligs applies overhead at a rate of $12 per direct labor hour. (a) Your answer is correct. Calculate the standard price and quantity for each component of direct materials. (Round answers to 2 decimal places, e.g. 15.20.) Standard Quantity Standard Price Material 1sheet per sheet 17x 21 cardboard 31 261per ounce 2 ounce Mounting adhesive 76 per box 1box Pecking box LINK TO TEXT

Answer 1

(d)

	Standard Quantity	Standard Price
Direct Material	1 sheet	0.31
Direct Material	2 ounce	0.52
Direct Material	1 box	0.76
Direct Labor	25 minutes	3.44
Overhead	25 minutes	5.00
Total Standard Cost		10.02