Hideo Company accumulates the following data concerning raw materials in making one unit of finished product: (1)

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Hideo Company accumulates the following data concerning raw materials in making one unit of finished product: (1) Price-net purchase price $2.50, freight in $0.40, and receiving and handling $0.25. (2) Quantity-required materials 3 kg, allowance for waste and spoilage 0.5 kg. Calculate the following:
(a) Standard direct materials price per unit
(b) Standard direct materials quantity per unit
(c) Total standard material cost per unit
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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118856994

4th Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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