1. Starfish Enterprises produces mens sports coats that are sold by popular department stores. Each retail order...
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1. Starfish Enterprises produces men’s sports coats that are sold by popular department stores. Each retail order is treated as a job that accumulates materials, labor, and overhead costs for a batch of sports coats. Material costs for a selected job is $900 for a batch of 30 suit coats (units).
The material cost per unit is ________.
- $27.00
- $30.00
- $27.70
- $26.00
2. Starfish Enterprises management has obtained data on the material costs for a selected job which used 300 feet of materials, while estimates for the job required only 260 feet of materials. The materials price per unit was the same.
Which is not a reason for the difference in material usage?
- A new employee worked on the job.
- The material used was of poor quality.
- The cutting tools were in need of repair.
- The cost of materials increased from the time of the estimate.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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