Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 36 The Starbright Corporation has compiled the following data. The company intends to use this information to develop standard costs per unit for

image text in transcribed

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 O $100 per unit O $150 per unit O $125 per unit QUESTION 37 If the standard quantity of materials is 84,500 units at $0.15 per unit and the actual quantity is 95,000 units at $0.12 per unit, then the materials. quantity variance is: O $2,850 Favorable O $1,575 Unfavorable. O $1,275 Favorable. $2,850 Unfavorable. - 2.5 points Save An 2.5 points Save Answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Walter T. Harrison, Charles T. Horngren

7th edition

0135012848, 978-0135012840

More Books

Students also viewed these Accounting questions

Question

Working with athletes who dope

Answered: 1 week ago