assume during past mont fineway produced 10,000 cartons of highlighters. highlighters has a translucent barrel and cap with ink. each carton contains 100 boxes of markers and each box has 5 markers. the markers come in boxes of one of five colors- blue yellow orange , pink green

the standard cost for caton of 500 markers is

manufacturibg cost element quantity price cost

direct materials 500 * 0.03 $15

500 * 0.09 45

flourecent ink 5 litre * 6,40 $32

total direct material $92

direct labor 0.25 hours * 9.00 = 2.25

overhead 0.25 * $48 = $12

total prouction cost $106.25

during the month following transacton ocured in manufacturing 1,0000 cartoons

1) Purchased 10,000 bows of tips for $148,000,($14.80 per 500 tips). Purchased 10,200 bowes of translucent barrels and caps for $453,900 $44.50 per so barrels and caps) and purchased 9,900 containers of fluorescent ink for $328,185 $33.15 per five lite container). 2) All materials purchased during the period were used to make markers during the period. 3) A total of 2,100 direct labour hours were worked at a total labour cost of $20, 240 ( an average hourly rate of $8.30) 4) The variable manufactunne overhead incurred was $34,600 and the foed overhead incurred was $84,000 5) The manufacturing overhead rate of $48.00 is based on a normal capacity of 2,000 direct labour hours. The total budget at this capacity is $83,980 food and $40,820 variable. Required: a) Calculate the total actual cost incurred b) Calculate the total standard costs for the actual quantity produced