Q11 Multiple Choice Question 71 Q131 ?Your answer is correct. 014 Sheffield Corp. produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 Q15 costs are $0.10 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.3 will go into effect soon. Payroll taxes are $1.20 per 016 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 0.2 hours 017 pounds, respectively. The purchase price is $4 per pound, but a 2% discount is usually taken. Freight costs are $0.5 per pound, and receiving and handling and 0.1 hours, respectively. The standard direct materials price per pound is Q19 Q20 021 Q22 $4.00 $4.52 $4.60 $3.92 Q25 26 SHOW ANSWER Q27 Q28 029 Q30 031 932 Q33 SCORE Maximum, point Potential 2.6