Question
The following cost information is for Leslie Company. Actual results: Total cost of purchasing material.................................................... $13,500 Number of labor hours worked...................................................... 450 hours Number of
The following cost information is for Leslie Company. Actual results:
Total cost of purchasing material.................................................... $13,500
Number of labor hours worked...................................................... 450 hours
Number of material pounds used in production.................. 1,700 pounds
Total labor cost.................................................................................... $12,500
Number of units produced............................................................... 200 units
Number of material pounds purchased................................. 1,500 pounds
Leslie Company has established the following standards:
Standard labor rate............................................................... $30.00 per hour
Number of labor hours to produce one unit..................................... 2 hours
During the year, Leslie Companys Materials Price Variance was FAVORABLE for a total of $1,500 and Materials Quantity Variance was FAVORABLE for a total of $5,000. Given these data, what is the standard number of pounds needed to produce one unit?
8 pounds
10 pounds
11 pounds
13 pounds
7 pounds
12 pounds
9 pounds
14 pounds
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