Answered step by step
Verified Expert Solution
Question
1 Approved Answer
8. The following data for a pottery company pertain to the production of 2,000 clay pots during July: Direct Materials (All materials purchased were
8. The following data for a pottery company pertain to the production of 2,000 clay pots during July: Direct Materials (All materials purchased were used): Standard cost: $6.00 per kilogram of clay Total actual cost: $11,200 Standard cost allowed for units produced was $12,000 Materials efficiency variance was $240 unfavourable Direct Manufacturing Labour: Standard cost is 2 pots per hour at $24.00 per hour Actual cost per hour was $24.50 Labour efficiency variance was $672 favourable What is the standard direct material amount per pot? 8. The following data for a pottery company pertain to the production of 2,000 clay pots during July: Direct Materials (All materials purchased were used): Standard cost: $6.00 per kilogram of clay Total actual cost: $11,200 Standard cost allowed for units produced was $12,000 Materials efficiency variance was $240 unfavourable Direct Manufacturing Labour: Standard cost is 2 pots per hour at $24.00 per hour Actual cost per hour was $24.50 Labour efficiency variance was $672 favourable What is the standard direct material amount per pot?
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