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23-4 PLEASE ANSWER EVERY REQUIREMENT Data Table Direct Materials 0.2 lbs 0.25 per lb) 0.05 0.33 Direct Labor 3 minutes 0.11 per minute) Manufacturing Overhead:
23-4 PLEASE ANSWER EVERY REQUIREMENT
Data Table Direct Materials 0.2 lbs 0.25 per lb) 0.05 0.33 Direct Labor 3 minutes 0.11 per minute) Manufacturing Overhead: Variable 3 minutes 0.06 per minute) 0.18 0.42 0.60 Fixed 3 minutes 0.14 per minute) 0.98 Total Cost per Coffee Mug Print Done More Info a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,500 coffee mugs. c. Actual direct materials usage was 11,000 lbs. at an actual cost of $0.17 per lb. d. Actual direct labor usage was 197,000 minutes at a total cost of $25,610. e. Actual overhead cost was $9,850 variable and $30,550 fixed. f. Selling and administrative costs were $110,000. Print DoneStep by Step Solution
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