Review your results from Problem P23- 34B. McKnights actual and standard sales price per mug is $
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Review your results from Problem P23- 34B. McKnight’s actual and standard sales price per mug is $ 5. Prepare the standard costing income statement for July 2014.
Problem P23-34B
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Direct Materials (0.2 lbs. $0.25 per b) Direct Labor (3 minutes $0.11 per minute) Manufacturing Overhead: 5 005 0.33 Variable (3 minutes@s0.06 per minute) $0.18 Fixed (3 minutes s0.15 per minute) 045 0.63 Total Cost Per Coffee Mug $ 1.01
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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