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please use excel Lilac Ltd. produces a perfume called Whim. The direct materials and direct labor standards for one bottle of Whim are given below:
please use excel
Lilac Ltd. produces a perfume called Whim. The direct materials and direct labor standards for one bottle of Whim are given below: Std. Quantity/Hours Std. Price/Rate Std. Cost Direct Materials 7.2 ounces $ 2.50 per ounce $18 Direct Labor 0.4 hours 10 per hour 4 During a recent month, the following activity was recorded: a. 20,000 ounces of material were purchased at a cost of $2.40 per ounce. b. All of the material was used to produce 2,500 bottles of Whim. c. 900 hours of direct labor time were recorded at a cost of $10,800Step by Step Solution
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