#44

Seven Manufacturing Corporation uses both standards and budgets. The company estimates that production for the year will be 100,000 units of Product Fast, the company expects to spend $600,000 for materials and $800,000 for labor. Compute the estimates for a standard cost. Compute the estimates for a budgeted cost. Seven Manufacturing Corporation uses both standards and budgets. The company estimates that production for the year will be 100,000 units of Product Fast, the company expects to spend $600,000 for materials and $800,000 for labor. Compute the estimates for a standard cost. Compute the estimates for a budgeted cost