Question
Princess Inc. manufactures designer CatNip holders for national distribution. The standard costs for the manufacture of designer CatNip holders were as follows: Standard Costs Actual
Princess Inc. manufactures designer CatNip holders for national distribution. The standard costs for the manufacture of designer CatNip holders were as follows:
Standard Costs | Actual Costs | |
Direct materials | 3,000 ounces. at $17 | 3,200 ounces. at $16 |
Direct labor | 9,600 hrs. at $10 | 9,000hrs. at $10.80 |
Factory overhead | Rates per labor hour, based on 100% of normal capacity of 11,000 labor hrs.: | |
Variable cost, $4.80 | $24,600 variable cost | |
Fixed cost, $? | $38,500 fixed cost |
REQUIRED:
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started