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Nolan Mills uses a standard cost system. During May, Nolan manufactured 15,000 pillowcases, using 26,500 yards of fabric costing $3.05 per yard and incurring direct
Nolan Mills uses a standard cost system. During May, Nolan manufactured 15,000 pillowcases, using 26,500 yards of fabric costing $3.05 per yard and incurring direct labor costs of $19,654 for 3,170 hours of direct labor. The standard cost per pillowcase assumes 1.75 yards of fabric at $3.10 per yard, and 0.20 hours of direct labor at $5.95 per hour. |
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