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Accounting
Standard cost sheet -Short term patients                                        Standard Price             Standard Usage     Standard Cost Direct Materials                 $10                             9                              $ 90 Direct Labor                       $16                            2.5                            $40 Variable overhead              $30                            2.5                           $75 Fixed overhead                  $40                            2.5                          $100 Total standard unit cost                                                                      $305 1. Compute the MPV for the short-term patients and state whether its favorable or not.

Standard cost sheet -Short term patients                                        Standard Price             Standard Usage     Standard Cost Direct Materials                 $10                             9                              $ 90 Direct Labor                       $16                            2.5                            $40 Variable overhead              $30                            2.5                           $75 Fixed overhead                  $40                            2.5                          $100 Total standard unit cost                                                                      $305 1. Compute the MPV for the short-term patients and state whether its favorable or not.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Standard cost sheet -Short term patients

                                       Standard Price             Standard Usage     Standard Cost

Direct Materials                 $10                             9                              $ 90

Direct Labor                       $16                            2.5                            $40

Variable overhead              $30                            2.5                           $75

Fixed overhead                  $40                            2.5                          $100

Total standard unit cost                                                                      $305

1. Compute the MPV for the short-term patients and state whether its favorable or not.

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