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Chrome File Edit View History Bookmarks People Window Help 76% Thu Apr 28 10:09:15 AM Benjamin McElwain a E Wiley PLUS C edugen.wileyplus.com /edugen/liti/main.un Return to Blackboard Wiley PLUS Managerial Accounting 2e, WileyPLUS Custom Course for University of California Riverside Help I System Announcements (1 Unread PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Practice Exercise 02 (Part Level Submission) HW5 Puzzle Jigs manufactures custom jigsaw puzzles by turning a customer's 12 x 17 photograph into a 310-piece puzzle. The following information has been provided by Practice Exerci 02 Part Level Sub various units within the company. Each photograph is mounted onto a 10 x 12 piece of cardboard using 3 ounce of adhesive. The company buys the cardboard in bundles of 520 pieces for $120. PuzzleJigs pays shipping costs of $18 per bundle on the cardboard. The mounting adhesive costs $0.26 per ounce. Each finished puzzle is 5-35 (Part packaged in a box that costs PuzzleJigs $0.78 to purchase. It takes 29 minutes for a worker to mount the picture, cut the puzzle, and pack it in a box. Workers are paid Level Submission) $6.80 per hour, fringe benefits amount to an additional 29 percent of wages. Puzzle)igs applies overhead at a rate of $14 per direct labor hour Review Score Results by Stud Obi (a Calculate the standard price and quantity for each component of direct materials (Round answers to 2 decimal places, e.g. 15.25.) Material Standard Quantity Standard Price 10 x 12 cardboard sheet per sheet Mounting adhesive ounce per ounce Packing box box. per box By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. This part will be available when you complete the part above

Explanation / Answer

10 x 12 cardboard 560 pieces/ $120 + $18 = $3.77 per sheet

Material Standard Quantity Standard Price 10 x 12 cardboard 1 sheet $3.77 per sheet Mounting Adhesive 3 ounce $0.26 per ounce Packing Box 1 box $0.78 per box

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