Given the following information, calculate the total direct materials standard cost against which actual costs will be measured:<\/p>
Budget<\/p>
units 4800<\/p>
DLhours 0.6hr<\/p>
DL cost $12\/hr<\/p>
DMquantity 1.2 lbs\/unit<\/p>
DM cocst $0.45\/lb<\/p>
<\/p>
Actual<\/p>
units 5000<\/p>
DLhours 3230hr<\/p>
DL cost $37,952.5<\/p>
DMquantity 5875 lbs<\/p>
DM cocst $2,761.25<\/p>
<\/p>
Answer is $2,700, how to arrive at this amount? <\/p>", "transcribed_text": "", "related_book": { "title": "Data Analysis And Decision Making", "isbn": "538476125, 978-0538476126", "edition": "4th Edition", "authors": "Christian Albright, Wayne Winston, Christopher Zappe", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/415.jpg", "uri": "\/textbooks\/data-analysis-and-decision-making-4th-edition-415", "see_more_uri": "" }, "free_related_book": { "isbn": "8184870078", "uri": "\/textbooks\/materials-and-mechanical-engineering-recent-trends-1st-edition-978-8184870077-293680", "name": "Materials And Mechanical Engineering Recent Trends", "edition": "1st Edition" }, "question_posted": "2024-06-28 08:11:55", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/according-to-the-imas-statement-of-ethical-professional-practice-management", "description": "According to the IMAs Statement of Ethical Professional Practice management accountants should follow four standards: competence, confidentiality, integrity, and credibility. Each of these standards...", "stars": 3 }, { "url": "\/study-help\/psychology\/which-subtests-of-the-wechsler-intelligence-tests-seem-most-culturally-1983170", "description": "Which subtests of the Wechsler intelligence tests seem most culturally fair? Which seem most potentially culturally unfair?", "stars": 3 }, { "url": "\/olive-company-is-considering-a-project-that-is-estimated-to", "description": "Olive Company is considering a project that is estimated to cost $286,500 and provide annual net cash flows of $57,523 for the next five years. What is the internal rate of return for this project?", "stars": 3 }, { "url": "\/study-help\/questions\/what-should-colin-do-first-as-he-begins-investing-make-9877493", "description": "What should Colin do first as he begins investing? Make paper trades Learn about the market", "stars": 3 }, { "url": "\/study-help\/questions\/which-of-the-following-is-the-most-important-reason-that-6581636", "description": "Which of the following is the most important reason that State Bank Examiners accompany Federal Reserve and FDIC Examiners on financial institution audits in their state? Multiple Choice The State...", "stars": 3 }, { "url": "\/study-help\/questions\/you-sell-t-shirts-at-10-each-and-you-have-1007823", "description": "You sell t shirts at $10 each, and you have to pay the worker at each workstation $500\/day.You went and hired a student who did some market research and told you that you could increase your price to...", "stars": 3 }, { "url": "\/study-help\/questions\/1-the-linkage-shown-below-is-made-of-two-identical-1024377", "description": "1. The linkage shown below is made of two identical members with lengths of 0.8 m and masses of 3 kg. The left member is connected to the ground by a pin joint, and the right member is connected to...", "stars": 3 }, { "url": "\/study-help\/questions\/what-role-would-market-research-play-in-helping-businesses-improve-1002459", "description": "What role would market research play in helping businesses improve their B 2 C communications ( and result in a higher frequency of positive C 2 B interactions ) ?", "stars": 3 }, { "url": "\/study-help\/questions\/case-study-b-25-marks-the-management-approach-at-the-1005432", "description": "Case study B (25 Marks) The management approach at the Fordsburg Car Centre Dylan van Rooyen is the managing director of Fordsburg Car Centre (FCC), an automobile repair shop with 22 branches...", "stars": 3 }, { "url": "\/study-help\/questions\/develop-a-communication-and-education-plan-develop-a-communication-and-1002882", "description": "Develop a communication and education plan Develop a communication and education plan to be used in conjunction with the change management project plan. This plan should show how the change will be...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/cash-discounts-case-a-ace-hardware-store-purchased-merchandise-from-4270066", "next": "\/study-help\/questions\/a-business-buys-supplies-from-a-vendor-on-credit-which-4270068" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Given the following information, calculate the total direct materials standard cost against", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/given-the-following-information-calculate-the-total-direct-materials-standard-4270067" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }