Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following standard cost card is available for product S141. Direct materials Direct labour Quantity Standard 2.60 ml per unit 0.26 hours per unit Price
The following standard cost card is available for product S141. Direct materials Direct labour Quantity Standard 2.60 ml per unit 0.26 hours per unit Price Standard $0.69 per ml $18.00 per hour Last month, 13,570 units of S141 were produced at a cost of $25,400 for direct materials and $66,490 for direct labour. A total of 36,530 millilitres of direct materials were used. Total direct labour hours amounted to 3,620 hours. During the same period, 35,600 millilitres of direct material were purchased for $23,290. The company's policy is to record materials price variances at the time materials are purchased. x Your answer is incorrect. Try again. What is the total standard cost for direct materials and direct labour for the output this period? (Round answers to 2 decimal places, e.g. 125.64.) x Direct Materials 1.79 Direct Labour 4.69
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started