Reconstructing Actual Inputs. Azcue Company manufactures a number of different products. Its most profitable product comes from
Question:
Reconstructing Actual Inputs. Azcue Company manufactures a number of different products. Its most profitable product comes from a division in northern Mexico, which has the following standard cost sheet (all monetary amounts are in pesos):
Materials purchases for the month were 300,000 kilograms. The division produced 120,000 units, with no work in process inventories at the beginning or end
of the month. All variances are closed to the Cost of Goods Sold account at the end of each month.
\section*{Required:}
1. Calculate the actual materials price per kilogram.
2. Calculate the number of kilograms of materials actually used in production.
3. Calculate the actual number of labor hours worked.
Step by Step Answer:
Managerial Accounting
ISBN: 9780538842822
9th Edition
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson