Question: Show all work r its specialty product: Standards for one unit of product: Direct Materials: 5 pounds at $2 per pound Direct Labor: 0.50 hour
Show all work r its specialty product: Standards for one unit of product: Direct Materials: 5 pounds at $2 per pound Direct Labor: 0.50 hour at $16 per hour Materials and Labor Used to produce 8,500 units Direct Materials: 46,000 pounds at ? per pound Direct Labor: 4,000 hours at $16.80 per hour If the Direct Materials Price Variance is $4,600 Unfavorable, what is the actual cost per pound of direct materials used? A) $1.90 B) $2.10 C) $1.80 D) $2.00
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