Question: Entry Rules: Round your answer to the nearest DOLLAR or UNIT. Examples: If your answer is $504.472, enter 504 If your answer is $504.626,

Entry Rules: Round your answer to the nearest DOLLAR or UNIT. Examples:If your answer is $504.472, enter 504 If your answer is $504.626,enter $505 If your answer is $504.00, enter 504 If your answer

Entry Rules: Round your answer to the nearest DOLLAR or UNIT. Examples: If your answer is $504.472, enter 504 If your answer is $504.626, enter $505 If your answer is $504.00, enter 504 If your answer is $504, enter 504 If your answer is $0.1000, enter 0 If the answer is zero, enter 0 Never enter $ or, when inputting numerical answers QUESTION: Rosemary Inc. bakes delicious cakes for Maple Leaf victory parties. This year, the parties have been sporadic due to a global pandemic. The company used the following standards: Standard Direct material per unit (kg) 2.00 Material price per kg $4.00 Labour time per unit 0.20 hrs Direct labour rate (per hour) $11.25 The following actual information was also available: Actual Production units 35,000 Total direct material purchased (kg) 75,000 Total direct material used (kg) 72,000 Total labour time 7250 hrs Material price per kg $4.10 Direct labour rate (per hour) $11.15 Use the above information to answer the following quesitons.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!