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QUESTION 35 Standard costs: O May be used in job order cost systems but not in process cost accounting systems. O Should be revised
QUESTION 35 Standard costs: O May be used in job order cost systems but not in process cost accounting systems. O Should be revised upward when actual manufacturing costs are higher than expected because of waste and inefficiency. O Are the same for all companies in a given industry. O Are the costs that should be incurred to produce a product under normal conditions D QUESTION 36 The Starbright Corporation has compiled the following data. The company intends to use this information to develop standard costs per unit for its single product Direct materials $50 per ton Direct labor $12.75 per hour Variable manufacturing overhead $5 per direct labor hour Fixed manufacturing overhead $18.700 Expected production 1,700 units Each unit of the company's single product requires 2.5 tons of direct materials and 22.5 hours to manufacture. What is the standard cost for direct materials per unit for Starbright's single product? O $50 per unit $100 per unit O $150 per unit $125 per unit 2.5 points 2.5 points San See All Answer Seve arst Subs
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