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Given the following standard and actual costs, how would one solve items 1.), 2.), & 3.)? Thanks! Course Documents-MH D Study Guide for Test-2-,/XyD chapter
Given the following standard and actual costs, how would one solve items 1.), 2.), & 3.)? Thanks!
Course Documents-MH D Study Guide for Test-2-,/XyD chapter 08 Pre-built Ass ?\. ? \ tpx Cal Poly-Managerial Accounting 208: Spring 208 CPP Managerial Section 01 Leroy Brown TING Chapter 08 Pre-bulit Assignment instructlons I help Question 6 (of 10) Save & Exit Submit 10.00 polnts Marvel Parts, Inc., manufactures auto accessores. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all o its products. According to the standards that have been set for the seat covers, the factory should work 990 hours each month to produce 1,980 sets of covers. The standard costs associated with this level of production are Per Set Total of Covers Direct materials Direct labor S 45,738 S23.10 S 6,930 3.50 S 3,168 1.60 28.20 ariable manufacturning overhead based on direct labor-hours) During August, the factory worked only 1,000 direct labor-hours and produced 2,500 sets of covers. The tollowing actual cosis were recorded during the month: Per Set Total ot Covers Direct marerials (10,000 yards) Direct labor Variable manufacturing overhead S 56,000 $22.40 S 9,250 3.70 S 4,500 1.80 27.90Step by Step Solution
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