Question
A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 230-pound batch are
A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 230-pound batch are presented below. The last 230-pound batch was produced using 170 pounds of M and 120 pounds of O. The price of M was $0.33 per pound and the actual price of O was $0.40.
| Material | Standard Quantity (lbs) | LBS StandardCost/lb. | Total Cost | ||
| O | 0 | $ | 0.40 | $ | 0.00 |
| H | 110 | 0.38 | 41.80 | ||
| M | 150 | 0.32 | 48.00 | ||
| 260 | 89.80 | ||||
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How To Build A Cyber Resilient Organization Internal Audit And IT Audit
Authors: Dan Shoemaker, Anne Kohnke, Ken Sigler
1st Edition
1138558192, 978-1138558199
