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Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (fiberglass) 15 sq.ft $ 5
Rip Tide Company manufactures surfboards. Its standard cost information follows:
| Standard Quantity | Standard Price (Rate) | Standard Unit Cost | |||||
| Direct materials (fiberglass) | 15 | sq.ft | $ | 5 | per sq.ft. | $ | 75.00 |
| Direct labor | 10 | hrs. | $ | 15 | per hr. | 150.00 | |
| Variable manufacturing overhead (based on direct labor hours) | 10 | hrs. | $ | 6 | per hr. | 60.00 | |
| Fixed manufacturing overhead ($24,000 | |||||||
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English For Accounting And Auditing Students Book
Authors: Dejan Arsenovski
1st Edition
869212253X, 978-8692122538
