Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Debra Jewelry manufactures jewelry. In October, Debra is planning to make 5 0 0 rings, 4 0 0 bracelets, and 2 1 0 pendants. Each

Debra Jewelry manufactures jewelry. In October, Debra is planning to make 500 rings, 400 bracelets, and 210 pendants. Each ring requires 3 ounces of gold and 2 semi-precious stones. Each bracelet requires 4 ounces of gold and 4 semi-precious stones. Each pendant requires 3.5 ounces of gold and 1 semi-precious stone. The company can purchase the 10 kgold it uses in its manufacturing for $214 an ounce, and can purchase a lot of 100 semi-precious stones for $3120. What is the standard cost for direct materials per pendant?
$780.20
$245.20
$3334.00
$749.00
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago