A company produces a product that contains 12 ounces of materials in each unit of finished...
| A company produces a product that contains 12 ounces of materials in each unit of finished goods. During the production process, 10% of the materials evaporate. The company pays its suppliers $3 per ounce; the cost to ship the material to the company averages $0.30 per ounce. The standard dollar amount of raw materials contained in one unit of finished goods is | |||||
| Answer: | |||||
| (round to nearest cents) | |||||
Homework Answers
Total raw materials per unit = 12 + 12*10% = 13.2 ounces
Standard dollar amount of raw materials = 13.2*(3+0.30) = $43.56
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