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Fletcher Company collected the following data regarding production of one of its products. Compute the standard quantity allowed for the actual output. Direct materials standard
Fletcher Company collected the following data regarding production of one of its products. Compute the standard quantity allowed for the actual output.
Direct materials standard (7lbs @ $4/lb):
$28 per finished unit
Actual direct materials used:
220,000 lbs
Actual finished units produced:
31,000 units
Actual cost of direct materials used:
$872,000
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