Oxnard Industries Produces a Product That Requires 2

question 233

Multiple Choice

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 quantity per unit is

• A) 2.6 pounds.
• B) 2.7 pounds.
• C) 2.9 pounds.
• D) 3.0 pounds.

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Definitions:

Introverted Archetype

A personality type characterized by a preference for solitude, deep thought, and a focus on internal feelings rather than external sources of stimulation.

Reciprocal Determinism

This concept in psychology suggests that a person's behavior is influenced by both their environment and personal factors, and these elements interact in a bidirectional manner.

Psychosocial Development

The theory that describes the psychological development of individuals through their interaction with their social environment.

Personality

The unique combination of emotional, attitudinal, and behavioral response patterns of an individual.