Wiltshire Limited produces woolen blankets and clothing. During Year 1, Wiltshire produced 10,000 items of blankets and clothing using 4,250 bundles of wool at a price of $10 per bundle.
The difference between the actual quantity of materials and the standard quantity of materials is due to waste. At the end of Year 1, Wiltshire developed a new process that would cut down on the waste by 60%. By the end of Year 2, the company had actually cut down its waste by 50%.

Question

Wiltshire Limited produces woolen blankets and clothing. During Year 1, Wiltshire produced 10,000 items of blankets and clothing using 4,250 bundles of wool at a price of $10 per bundle.
  The difference between the actual quantity of materials and the standard quantity of materials is due to waste. At the end of Year 1, Wiltshire developed a new process that would cut down on the waste by 60%. By the end of Year 2, the company had actually cut down its waste by 50%.

Quizplus · Accepted Answer

The Answer of Wiltshire Limited produces woolen blankets and clothing. During Year 1, Wiltshire produced 10,000 items of blankets and clothing using 4,250 bundles of wool at a price of $10 per bundle.
  The difference between the actual quantity of materials and the standard quantity of materials is due to waste. At the end of Year 1, Wiltshire developed a new process that would cut down on the waste by 60%. By the end of Year 2, the company had actually cut down its waste by 50%.

Wiltshire Limited Produces Woolen Blankets and Clothing