Waterways corporation uses a very stringent standard cost

US Weygandt, Managerial Accounting, Te Managerial Accounting (ACCT 202) Gradebook ORION D Waterways Continuing Problem 13 "ideal" at this point, but the masagement s aerways Corperation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not working towand that as a goal. Al present, the company uses the following standes $1.00 per lb Predetermined overhead rate based on direct labor hours-$4.28 The January figures for purchasing. production, and laborare The company puchased 229,000 pounds ofraw materials in January at a cost of 78 a pound Production used 229,000 Direct labor Overhead coves for Jenuary totaled $54,673 vriable and $73,800 fxed 15,500 units in spent1 on each product the materials price