Homework Answers
Solution:
Standard direct materials price per gallon = $2.50 + $0.50 + $0.40 = 3.40
Standard direct materials quantity per gallon = 3.40 pounds + 0.60 pounds = 4 pounds
Total standard materials cost per gallon = $3.40 * 4 = $13.60
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View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect Tang Company...
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Brief Exercise 23-2 Tang Company accumulates the following data concerning raw materials in making its finished...
Brief Exercise 23-2
Tang Company accumulates the following data concerning raw
materials in making its finished product: (1) Price per pound of
raw materials—net purchase price $2.92, freight-in $0.38, and
receiving and handling $0.24. (2) Quantity per gallon of finished
product—required materials 3.21 pounds, allowance for waste and
spoilage 0.90 pounds.
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places, e.g. 1.25.)
(a)
Standard direct materials price per pound of raw
materials.
$
(b)
Standard direct materials quantity per gallon....
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Brief Exercise 23-2
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materials in making its finished product: (1) Price per pound of
raw materials—net purchase price $2.92, freight-in $0.38, and
receiving and handling $0.24. (2) Quantity per gallon of finished
product—required materials 3.21 pounds, allowance for waste and
spoilage 0.90 pounds.
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(a)
Standard direct materials price per pound of raw
materials.
$
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Standard direct materials quantity per gallon....
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