Assume that the company computes variances at the earliest point in time. The standard hours allowed for
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Question:
Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are:
Select one:
a. 39,000.
b. none of the other answers are correct.
c. 5.
d. 5.14.
e. 40,100.
Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour $ 7.50 37.50 Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 Direct material used 23,100 pounds at $2.70 Direct labor 40,100 hours at $7.30 $ 70,200 62,370 292,730
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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