Question
Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. Standard Quantity Standard Price or Rate
Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. Standard Quantity Standard Price or Rate Standard Cost Direct material 9.00 pounds $ 2.50 per pound $ 22.50 Direct labor 1.70 hour $ 5.00 per hour 8.50 Total $ 31.00 During June, Orion purchased 223,000 pounds of direct material at a total cost of $588,720. The total wages for June were $241,428, 75 percent of which were for direct labor. Orion manufactured 22,000 dartboards during June, using 178,200 pounds of the direct material purchased in June and 40,920 direct-labor hours. Required:
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