Concord Corporation manufactures a product that requires two pounds of direct material. During 2022, Concord purchases 21500 pounds of material for $109500 when the standard price per pound is $5. During 2022, Shipp uses 17000 pounds to make 9500 products. The standard direct material cost per unit of finished product is O $10.00. O $12.88. O $10.29. O $10.57.
Concord Corporation manufactures a product that requires two pounds of direct material. During 2022, Concord purchases 21500 pounds of material for $109500 when the standard price per pound is $5. During 2022, Shipp uses 17000 pounds to make 9500 products. The standard direct material cost per unit of finished product is O $10.00. O $12.88. O $10.29. O $10.57.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter5: Support Department And Joint Cost Allocation
Section: Chapter Questions
Problem 4CMA: Tucariz Company processes Duo into two joint products, Big and Mini. Duo is purchased in...
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![Concord Corporation manufactures a product that requires two pounds of direct material. During 2022, Concord purchases 21500
pounds of material for $109500 when the standard price per pound is $5. During 2022, Shipp uses 17000 pounds to make 9500
products. The standard direct material cost per unit of finished product is
O $10.00.
O $12.88.
O $10.29.
O $10.57.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff38c055a-be5a-4e60-8572-5bafb7d40a84%2F6735459f-faf5-49e8-b5ca-b4f8adfd866c%2F7wsz5xr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Concord Corporation manufactures a product that requires two pounds of direct material. During 2022, Concord purchases 21500
pounds of material for $109500 when the standard price per pound is $5. During 2022, Shipp uses 17000 pounds to make 9500
products. The standard direct material cost per unit of finished product is
O $10.00.
O $12.88.
O $10.29.
O $10.57.
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