Question
The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours Standard Price or Rate Direct materials 12
The standard cost card for one unit of a finished product shows the following:
Standard Quantity or Hours | Standard Price or Rate | ||||||
Direct materials | 12 | feet | $ | ? | per foot | ||
Direct labor | 1.5 | hours | $ | 12 | per hour | ||
Variable manufacturing overhead | 1.5 | hours | $ | 8 | per hour |
If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
