Question: Can you help me solve this general accounting question using the correct accounting procedures? RiverTech Corp. manufactures large storage tanks. The standard cost to produce

Can you help me solve this general accounting question using the correct accounting procedures?

RiverTech Corp. manufactures large storage tanks. The standard cost to produce one tank includes 0.30 pounds of a special resin, budgeted at $40 per pound. In August, RiverTech produced and sold 4,000 tanks, using 1,300 pounds of resin. The actual cost per pound of resin was $39. Calculate Standard Quantity Allowed

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