Maximus Ltd uses a standard costing system. The following information pertains to direct materials for the month
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Question:
Maximus Ltd uses a standard costing system. The following information pertains to direct materials for the month of July:
Standard price per kg | £ 18.00 |
Actual purchase price per kg | £ 16.50 |
Quantity purchased | 3 100 kg |
Quantity used | 2 950 kg |
Standard quantity allowed for actual output | 3 000 kg |
Actual output | 1 000 units |
What is the standard quantity of direct materials per 1 unit for Maximus Ltd?
a. 3.25 kg
b. 3.10 kg
c. 3.5 kg
d. 3.00 kg
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6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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