Question
7. Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given
7. Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: 8. |
Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: |
Direct materials: 7 microns per toy at $0.31 per micron | |
Direct labor: 1.4 hours per toy at $6.60 per hour |
During July, the company produced 4,800 Maze toys. Production data for the month on the toy follow: |
Direct materials: 72,000 microns were purchased at a cost of $0.28 per micron. 30,000 of these microns were still in inventory at the end of the month. |
Direct labor: 7,120 direct labor-hours were worked at a cost of $50,552.
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1.
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below: |
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