Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kenosha Industries, Inc., ( KII ) developed the following standard costs for direct material and direct labor for one of their major products, the 1

Kenosha Industries, Inc., (KII) developed the following standard costs for direct material and direct labor for one of their major products, the 10-gallon plastic container.
\table[[,Standard Quantity,Standard Price],[Direct materials,0.10 pounds,$30 per pound],[Direct labor,0.05 hours,$15 per hour]]
During August, KII produced and sold 10,000 containers using 980 pounds of direct materials at an average cost per pound of $32 and 500 direct labor hours at an average wage of $15.25 per hour.
22. The standard direct materials quantity for units produced and sold in August is:
A)10,000 pounds
B)980 pounds
C)1,000 pounds
D) None of the above
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Is there a clear hierarchy of points in my outline?

Answered: 1 week ago