Cost and Management AccountingQuestion 5445 of 251
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7. The ratio in which the raw material utilized for SS304 & SS316 from the total quantity of raw material procured, to produce the number of units desired in Q-6 above?

Options

A29.59% & 70.24%
B29.64% & 70.36%
C30.33% & 69.67%
D38.77% & 61.23%
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Correct Answer

✅ Option A — 29.59% & 70.24%

All Options:

  • A29.59% & 70.24% ✓
  • B29.64% & 70.36%
  • C30.33% & 69.67%
  • D38.77% & 61.23%

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Detailed Solution & Explanation

Based on the raw material consumption ratios for SS304 and SS316:
Material Ratio for SS304≈29.59%\text{Material Ratio for SS304} \approx 29.59\%
Material Ratio for SS316≈70.24%\text{Material Ratio for SS316} \approx 70.24\%
Hence, **Option A** is the correct answer.

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