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Robbins Company manufactures pans. Below is the information related to its direct material costs: Standard amount of material used per pan 1.7 lb. Standard cost
Robbins Company manufactures pans. Below is the information related to its direct material costs: Standard amount of material used per pan 1.7 lb. Standard cost per lb $5.6 Actual amount of material used per pan 1.1 lb Actual cost per lb $4.3 Actual number of pans produced and sold 2,130 Robbins' total direct material costs (budget) should have been $ (This is what you should have spent if you followed the standard.)
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