Question
For a product, the standard cost information is as follows: | Direct Materials | 2 units at $8 per unit | | Direct Labor |
For a product, the standard cost information is as follows:
| Direct Materials | 2 units at $8 per unit | | Direct Labor | 1.5 hours at $12 per hour | | Variable Overhead| $3 per unit | | Fixed Overhead | $15,000 per month |
If 3,000 units were produced, calculate the total standard cost and the total actual cost incurred.
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
