Packard Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 16 ounces of rolled oats per carton

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Packard Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 16 ounces of rolled oats per carton (the unit quantity standard) and 0.04 labor hours (the unit labor standard). During the year, 700,000 cartons of oatmeal were produced.
Required:
1. Calculate the total amount of oats allowed for the actual output.
2. Calculate the total amount of labor hours allowed for the actual output.
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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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