The following direct materials and direct labor data pertain to the operations of Blossom Company for the month of August. Actual labor rate Costs Actual materials price Standard labor rate Standard materials price $15 per hour $220 $14.50 $224 Quantities per ton per hour per ton Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 3,500 hours 1,500 tons 3,550 hours 1,480 tons

The following direct materials and direct labor data pertain to the operations of Blossom Company for the month of August. Actual labor rate Costs Actual materials price Standard labor rate Standard materials price $15 per hour $220 $14.50 $224 Quantities per ton per hour per ton Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 3,500 hours 1,500 tons 3,550 hours 1,480 tons

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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