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A9-9 Calculating Direct Materials, Direct Labor Variances [LO 9-3, 9-4] Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Quantity Standard Price (Rate)
A9-9 Calculating Direct Materials, Direct Labor Variances [LO 9-3, 9-4]
| Rip Tide Company manufactures surfboards. Its standard cost information follows: |
| Standard Quantity | Standard Price (Rate) | Standard Unit Cost | |||||
| Direct materials (fiberglass) | 15 | sq.ft | $ | 5 | per sq.ft. | $ | 75.00 |
| Direct labor | 10 | hrs. | $ | 15 | per hr. | 150.00 | |
| Variable manufacturing overhead (based on direct labor hours) | 10 | hrs. | $ | 6 | per hr. | 60.00 | |
| Fixed manufacturing overhead ($24,000 | |||||||
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Interpretation And Application Of International Standards On Auditing
Authors: Steven Collings
1st Edition
0470661127, 978-0470661123
