Jody Jewelry manufactures jewelry.In October Jody is planning to make 500 rings, 400 bracelets, and 210 pendants.Each ring requires 3 ounces of gold and 2 semi-precious stones.Each bracelet requires 4 ounces of gold and 4 semi-precious stones.Each pendant requires 3.5 ounces of gold and 1 semi-precious stone.The company can purchase the 10k gold it uses in its manufacturing for $215 an ounce, and can purchase a lot of 100 semi-precious stones for $3,080.What is the standard cost for direct materials per pendant?
A) $245.80
B) $783.30
C) $752.50
D) $3,295.00
Correct Answer:
Verified
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