Question
On May 1, 2015, PedroiaPedroia Company began the manufacture of a new Internet paging device known as Flare. The company installed a standard costing system
On May 1, 2015, PedroiaPedroia Company began the manufacture of a new Internet paging device known as Flare. The company installed a standard costing system to account for manufacturing costs. The standard costs for a unit of Flare and other information follow: LOADING... (Click to view the information) Actual production in May was 4,200 units of Flare, and actual sales in May were 2,500 units. The amount shown for direct materials rate variance applies to materials purchased during May. There was no beginning inventory of materials on May 1, 2015. Required: Compute each of the items for PedroiaPedroia for the month of May. Show your computations by first selecting the formula to compute the amount and then entering the amounts in the formula and solving for your answer.
The standard costs for a unit of Flare are as follows Direct materials (4 kg at $7 per kg) Direct manufacturing labour (0.5 hour at $18 per hour) uring labour costs) 28.00 9.00 6.30 43.30Step by Step Solution
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