Question
For the current year Betway budgeted to produce and sell 20,000 units. Betway's actually produced and sold 18,000 units. Other relevant data includes: Direct
For the current year Betway budgeted to produce and sell 20,000 units. Betway's actually produced and sold 18,000 units. Other relevant data includes: Direct Materials (all materials purchased were used): Budgeted cost: $14.00 per pound. Standard material allowed: 2.3 pounds per unit. Actual materials cost $16.00 per pound for a total cost of $608,000. Direct Manufacturing Labor: Standard cost is 0.3 hours per unit at $34.00 per hour. Actual labor hours used were 6,300 at a price of $32.50 per hour.
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