Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During July, Nemo Ltd manufactured 500 units of a special multilayer fabric called Everflex. The following information from the Everflex production department pertains to July:

During July, Nemo Ltd manufactured 500 units of a special multilayer fabric called Everflex. The following information from the Everflex production department pertains to July:

Direct material purchased: 18 000 metres @ $10.40 per metre

$187 200

Direct material used: 9 500 metres @ $10.40 per metre

98 800

Direct labour: 2 100 hours @ $36.60 per hour

76 860

The standard prime costs for one unit of Everflex are as follows:

Direct materials: 20 metres @ $10 per metre

$200

Direct labour: 4 hours @ $38 per hour

152

Total standard prime cost per unit of output

$352

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Accounting General Journal

Authors: Claudia Gilbertson

11th Edition

1337623121, 9781337623124

More Books

Students also viewed these Accounting questions

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago