The Spartan Company uses standard costing. The company makes and sells baseball bats. The following data...
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The Spartan Company uses standard costing. The company makes and sells baseball bats. The following data are for the month of August: • Actual cost of direct material purchased and used: $54,683 • Material price variance: $4,917 favorabie • Materials flexible budget variance: $22,360 unfavorable • Standard cost per pound of material: $4 • Standard cost per direct labor-hour: $5 Actual direct labor-hours: 5,800 hours • Labor efficiency variance: $3,500 favorable • Standard number of direct labor-hours per Bat: 1 hour • Labor flexible budget variance: $20 favorable The total number of units of Bats produced during August was: O 14,400 6.500 10,800 3,600 The Spartan Company uses standard costing. The company makes and sells baseball bats. The following data are for the month of August: • Actual cost of direct material purchased and used: $54,683 • Material price variance: $4,917 favorabie • Materials flexible budget variance: $22,360 unfavorable • Standard cost per pound of material: $4 • Standard cost per direct labor-hour: $5 Actual direct labor-hours: 5,800 hours • Labor efficiency variance: $3,500 favorable • Standard number of direct labor-hours per Bat: 1 hour • Labor flexible budget variance: $20 favorable The total number of units of Bats produced during August was: O 14,400 6.500 10,800 3,600
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Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
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