Information is given from standard cost card Inputs Direct materials Direct labor Variable manufacturing overhead Actual results:
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- Information is given from standard cost card
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Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost $ Standard Quantity 3.0 pounds 0.50 hours 0.50 hours 1,950 units 7,167.50 Actual Quantity 6,060 pounds 1,175 hours 69 69 $ $ $ 69 Standard Price 4.00 per pound 22.00 per hour 6.00 per hour Actual price 3.80 per pound 22.50 per hour Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost $ Standard Quantity 3.0 pounds 0.50 hours 0.50 hours 1,950 units 7,167.50 Actual Quantity 6,060 pounds 1,175 hours 69 69 $ $ $ 69 Standard Price 4.00 per pound 22.00 per hour 6.00 per hour Actual price 3.80 per pound 22.50 per hour
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Step 1 Standard Costing Standard costing is the practice of estimating expenses in the production pr... View the full answer
Related Book For
Managerial Accounting for Managers
ISBN: 978-1259578540
4th edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
Posted Date:
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