Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ACCT 204HANDOUTCHAPER 0-VARIANCES am of a tnai of output of te 1. Your Corporation is developing standards for its prodlucts. Each unis mit of output.
ACCT 204HANDOUTCHAPER 0-VARIANCES am of a tnai of output of te 1. Your Corporation is developing standards for its prodlucts. Each unis mit of output. The allkowance for rejects is 13. Your Corporation uses a standard cost system to collect costs related to the production its product. The standards for each batch is 1.4 pounds standard o purchased and used 78,000 pounds a quantity variance for the period? at a standard cost of $3.00 per pound. During the period Your Company total cost of $253,300 and produced 60,000 batches. What is the materials A) $1,500 unfavorable B) SI8,000 favorable C) $19,500 unfavorable D) $54,000 unfavorable 14. The standard cost card for one unit of a finished product shows the following: Direct materials Direct labor Variable manufacturing overhead... Standard Quantity or Hours 12 feet 1.5 hours 1.5 hours Standard Price or Rate S? per foot S12 per hour $8 per hour If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is: A) S2 B) $3 C) $4 D) $5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started