Compute the standard cost per finished unit for the normal or expected standards and for the ideal
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Compute the standard cost per finished unit for the normal or expected standards and for the ideal standards. Explain how both normal and ideal standards would be used bymanagers.
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Normal or Expected Standards Direct materials quantity per unit Direct materials price per pound Direct labor hours per unit Direct labor rate per hour Ideal Standards 1.8 lbs. per unit $7.75 per Ib. 2.8 hours per unit $21.50 per hour . . . 2 bs. per unit $8 per lb. 3 hours per unit $22 per hour
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Normal standard cost per unit 2 lbs x 8 3 hrs x 22 ...View the full answer
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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