riole Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and Lusage and price expectations. Direct materials Direct labor 10 square yards per unit 1.1 DL hours per unit -) @ $4/square yard @$15/DL hour roughout the year, Oriole used 32,445 square yards of fabric in the process of making 3,150 tents. The company had originally anned to produce and sell 2,850 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 34,300 square ards of canvas at $4.15 per square yard. Oriole's DL cost totaled $54,432 for the 3,402 hours that were actually used.
riole Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and Lusage and price expectations. Direct materials Direct labor 10 square yards per unit 1.1 DL hours per unit -) @ $4/square yard @$15/DL hour roughout the year, Oriole used 32,445 square yards of fabric in the process of making 3,150 tents. The company had originally anned to produce and sell 2,850 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 34,300 square ards of canvas at $4.15 per square yard. Oriole's DL cost totaled $54,432 for the 3,402 hours that were actually used.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 3P: Zippy Inc. manufactures a fuel additive, Surge, which has a stable selling price of 44 per drum. The...
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