IMACC $[$ACC$2008]$ SUMMER $2024$ HOME WORK QUESTIONS $4\%$

Question Four $|$ Unit $7$ Standard Costing

Due July $8$

McCort Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standards for the prime costs of one unit of product:

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity$]],\backslash$table$[[$Standard$],[$Price$]],\backslash$table$[[$Standard$],[$Cost$]]],[\backslash$table$[[$Direct$],[$materials$]],\backslash$table$[[12\mathrm{.}0],[$pounds$]],$$$14\mathrm{.}00/$pound$,168\mathrm{.}00],[$Direct labor,$2\mathrm{.}6$ hours,$$\frac{44\mathrm{.}00}{?}$ hour,$$114\mathrm{.}40$