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Use the following information for questions
Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and .1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.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 .2 hours and .1 hours, respectively.
-The standard direct materials price per pound is


Definitions:

Atria Contraction

The process during the cardiac cycle where the atria chambers of the heart contract to move blood into the ventricles.

Pulse Pressure

The difference between systolic and diastolic blood pressure, indicating the force that the heart generates each time it contracts.

Ejection Phase

This is the part of the cardiac cycle during which the ventricles contract and pump blood out into the arteries.

Left Ventricle

The heart's compartment that takes in blood rich in oxygen from the left atrium and then pushes it through the aorta to circulate around the body.

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