Question
For a product, the standard cost information is as follows: | Direct Materials | 3 units at $5 per unit | | Direct Labor |
For a product, the standard cost information is as follows:
| Direct Materials | 3 units at $5 per unit | | Direct Labor | 2 hours at $12 per hour | | Variable Overhead| $4 per unit | | Fixed Overhead | $10,000 per month |
If 2,000 units were produced, calculate the total standard cost and the total actual cost incurred.
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Managerial Accounting
Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope
1st Edition
0137689454, 9780137689453
