QUESTION 1 (2 PARTS) CALCULATION BASED: 1. Standard quantities per unit of a bike include an unknown quantity of direct materials and 45 minutes of direct labor. The standard prices and rates are $8 per kilo (kg) for direct materials and $16 per hour for direct labor. The standard factory overhead rate is $8 per direct labor hour. The total standard cost per unit of the bike is $284. What is the standard amount of direct materials in kg used to manufacture one unit of the bike. 2. Mikes makes ice cream in 6-ounce containers (units). A standard daily production run of 500,000 units (containers) uses direct materials (DM): Milk at $8.20 per gallon, 100,000 pounds of fruit at $2.00 per pound and packaging that costs $0.03 per unit. The standard DM cost per unit (container) of ice cream is $0.85. What is the standard gallons of milk used to produce 500,000 containers of icecream |(round to nearest gallon)