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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Payroll Accounting
Authors: Bernard J. Bieg, Judith Toland
21st Edition
1111531056, 978-1111531058
