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Valport Valve Company manufactured 7,600 units during March of a control valve used by milk processors in its Shreveport plant. Records indicated the following: Direct

Valport Valve Company manufactured 7,600 units during March of a control valve used by milk processors in its Shreveport plant. Records indicated the following:

Direct labor 46,500 hr. at $14.70
Direct material purchased 31,000 lb. at $2.10
Direct material used 28,000 lb.

The control valve has the following standard prime costs.

Direct material: 4 lb. at $2.00 per lb. $ 8.00
Direct labor: 6 hr. at $15.10 per hr. 90.60



Standard prime cost per unit $ 98.60







Required:
1.

Prepare a schedule of standard production costs for March, based on actual production of 7,600 units.

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