Question
The standard cost card for one unit of a certain finished product shows the following: Standard Quantity Standard Price Direct Materials 10 pounds $ ?
The standard cost card for one unit of a certain finished product shows the following:
| Standard Quantity | Standard Price | |
| Direct Materials | 10 pounds | $ ? per pound |
| Direct Labor | 2.5 hours | $16 per hour |
| Variable Manufacturing Overhead | 1.5 hours | $10 per hour |
If the total standard variable cost for one unit of finished product is $85, then the standard price per pound for direct materials is:
| $5.90 |
| $3.00 |
| $4.60 |
| $1.74 |
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
3rd Edition
1861529465, 9781861529466
