Question
Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture a high-pressure board, Dura-Plastic. Information concerning its operation in June was as follows: Master Budget units
Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture a high-pressure board, Dura-Plastic. Information concerning its operation in June was as follows:
Master Budget units of Dura-Plastic to manufacture8,000
Units of Dura-Plastic manufactured in June9,000
Budgeted amount of EPP to purchase70,000oz.
EPP material purchased76,000oz.
EPP material used in production72,000oz.
Standard cost of EPP used in production$478,800
Standard quantity of EPP per unit of Dura-Plastic7.5oz.
Cost of EPP purchased$574,560
The standard cost per ounce of EPP (rounded to two decimal places) is:
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
