Stillwater Designs rebuilds defective units of its S12L7 Kicker speaker model. During the year, Stillwater rebuilt 8,500 units. Materials and labor standards for performing the repairs are as follows: Direct materials (1 recon kit @ $160) $160 Direct materials (1 cabinet @ $20) 20 Direct labor (4 hrs. @ $14) 56 Required: 1. Compute the standard hours allowed for a volume of 8,500 rebuilt units. fill in the blank 1 hours 2. Compute the standard number of kits and cabinets allowed for a volume of 8,500 rebuilt units. Standard number of kits: fill in the blank 2 kits Standard number of cabinets: fill in the blank 3 cabinets 3. Suppose that during the first month of the year, 3,200 standard hours were allowed for the units rebuilt. How many units were rebuilt during the first month? Round your answer to the nearest whole unit. fill in the blank 4 units
Stillwater Designs rebuilds defective units of its S12L7 Kicker speaker model. During the year, Stillwater rebuilt 8,500 units. Materials and labor standards for performing the repairs are as follows: Direct materials (1 recon kit @ $160) $160 Direct materials (1 cabinet @ $20) 20 Direct labor (4 hrs. @ $14) 56 Required: 1. Compute the standard hours allowed for a volume of 8,500 rebuilt units. fill in the blank 1 hours 2. Compute the standard number of kits and cabinets allowed for a volume of 8,500 rebuilt units. Standard number of kits: fill in the blank 2 kits Standard number of cabinets: fill in the blank 3 cabinets 3. Suppose that during the first month of the year, 3,200 standard hours were allowed for the units rebuilt. How many units were rebuilt during the first month? Round your answer to the nearest whole unit. fill in the blank 4 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Standard Quantities of Labor and Materials
Stillwater Designs rebuilds defective units of its S12L7 Kicker speaker model. During the year, Stillwater rebuilt 8,500 units. Materials and labor standards for performing the repairs are as follows:
| Direct materials (1 recon kit @ $160) | $160 |
| Direct materials (1 cabinet @ $20) | 20 |
| Direct labor (4 hrs. @ $14) | 56 |
Required:
1. Compute the standard hours allowed for a volume of 8,500 rebuilt units.
fill in the blank 1 hours
2. Compute the standard number of kits and cabinets allowed for a volume of 8,500 rebuilt units.
| Standard number of kits: | fill in the blank 2 kits |
| Standard number of cabinets: | fill in the blank 3 cabinets |
3. Suppose that during the first month of the year, 3,200 standard hours were allowed for the units rebuilt. How many units were rebuilt during the first month? Round your answer to the nearest whole unit.
fill in the blank 4 units
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