Question
Last year, Stoner company budgeted for production and sale of 1680 widget s. Actual production and sales was 2200 widget s for $ 348 each.
Last year, Stoner company budgeted for production and sale of 1680 widgets. Actual production and sales was 2200 widgets for $348 each. Each item was budgeted to use 3 direct labor hour(s) and 5 piece(s) of material. Stoner expected to pay $6.00 per piece and $19.00 per hour. Stoner does not keep any raw materials inventory. Actual production required the following: 8800 pieces at $7.20 per piece 5280 hours at $15.20 per hour How much should it cost for materals for one widget? How much should it cost for labor for one widget? How many hours should it take to build 2200 widgets? How much should it have cost for materials to build the 2200 widgets?
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