During the year, Minot Company produced 120,000 drills for industrial equipment. Minots direct materials and direct labor

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During the year, Minot Company produced 120,000 drills for industrial equipment. Minot’s direct materials and direct labor standards are as follows:

Direct materials (2.5 lbs. @ $4) .....$10.00

Direct labor (0.6 hrs. @ $13) ....... 7.80

Required:

1. Compute the standard pounds of direct materials allowed for the production of 120,000 units.

2. Compute the standard direct labor hours allowed for the production of 120,000 units.

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Cost Management Accounting and Control

ISBN: 978-0324559675

6th Edition

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

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Question Posted: Mar 29, 2012 04:17 AM

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During the year, Minot Company produced 120,000 drills for industrial equipment. Minots direct materials and direct labor

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Cost Management Accounting and Control

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