We are analyzing 2 products - product X and product Y. Product X requires 3 Part As
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Question:
- We are analyzing 2 products - product X and product Y.
- Product X requires 3 Part As and 4 Part B's.
- Product Y requires 2 Part A's and 3 Part B's.
- The standard cost for Part A is $12 per unit.
- The standard cost for Part B is $24 per unit.
- During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance).
- During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance).
- During the month the company produced 500 Xs and 1000 Ys.
- During the month the company used 3550 units of Part A and 4975 units of Part B.
- Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only).
- X uses 12 standard direct labor hours.
- Y uses 14 standard direct labor hours.
- Labor standard cost is $20 per hour.
.Use the information given in Problem I.
Use standard cost information for all calculations except as noted below.
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