Question
Topaz Company makes one product and has set the following standards for materials and labor: Direct Materials Direct Labor Standard quantity or hours per unit
Topaz Company makes one product and has set the following standards for materials and labor: Direct Materials Direct Labor Standard quantity or hours per unit ? pounds 2.60 hours Standard price or rate ? per pound $5.00 per hour Standard cost per unit ? $13.00
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Here's my work for 1a: (17,380+2120)/7900 = 2.47 per pound. This isn't correct; what am I doing wrong? | ||||||||||||||||
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