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PA9-9 Calculating Direct Materials, Direct Labor Variances [LO 9-3, 9-4] Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Quantity Standard Price (Rate)
PA9-9 Calculating Direct Materials, Direct Labor Variances [LO 9-3, 9-4]
| Rip Tide Company manufactures surfboards. Its standard cost information follows: |
| Standard Quantity | Standard Price (Rate) | Standard Unit Cost | |||||
| Direct materials (fiberglass) | 15 | sq.ft | $ | 5 | per sq.ft. | $ | 75.00 |
| Direct labor | 10 | hrs. | $ | 15 | per hr. | 150.00 | |
| Variable manufacturing overhead (based on direct labor hours) | 10 | hrs. | $ | 6 | per hr. | 60.00 | |
| Fixed manufacturing overhead ($24,000 | |||||||
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Comprehensive Manual Of Internal Audit Practice And Guide The Most Practical Guide To Internal Auditing Practice
Authors: Kibreab K Ftaw
1st Edition
1802277250, 978-1802277258
