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Please Help!!! Thanks in Advance :) Use the following information to answer questions 1, 2 and 3 The Oscar Statuette, the trophy given at the
Please Help!!! Thanks in Advance :)
Use the following information to answer questions 1, 2 and 3 The Oscar Statuette, the trophy given at the Academy Awards Ceremony is casted, molded, polished and buffed by R.S. Owens & Company, the Chicago-based awards manufacturer retained by the Academy since 1982 Oscar stands 13% inches tall and weighs in at a robust 8% pounds. The raw materials for each trophy cost about $100 per pound (because of the 24 carat gold overlay and use 8.5 pounds of material. Each statute takes approximately 40 hours of work to make. The work is performed by a master craftsman and is molded several times before it is finished. The craftsman is paid $300 per hour During January, the company made 50 trophies for the upcoming Academy Awards ceremony. Actually production data is as follows: Direct Materials Total Cost $49,500 Total pounds of materials purchased and used 450 pounds Direct Labor Total Cost $650,000 Total direct labor hours work 2,100 hoursStep by Step Solution
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