The following materials standards have been established for a particular product: Standard quantity 5.3meters per unit of output Standard price $ 17.20per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 8,100meters $ 141,345 7,600meters 1,400units >
The following materials standards have been established for a particular product: Standard quantity 5.3meters per unit of output Standard price $ 17.20per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 8,100meters $ 141,345 7,600meters 1,400units >
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?
Question
![The following materials standards have been established for a particular product:
Standard quantity
5.3meters
per unit of output
Standard price
$
17.20per meter
The following data
pertain to
operations
concerning the
product for the last
month:
Actual materials
purchased
Actual cost of
materials
purchased
Actual materials
used in production
Actual output
8,100meters
$
141,345
7,600meters
1,400units
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feaf00aec-a994-4cee-a626-7e9bfbad5f88%2F2e6e8adb-27a2-43fd-90bb-6a3732eddbc4%2Fr90rz1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following materials standards have been established for a particular product:
Standard quantity
5.3meters
per unit of output
Standard price
$
17.20per meter
The following data
pertain to
operations
concerning the
product for the last
month:
Actual materials
purchased
Actual cost of
materials
purchased
Actual materials
used in production
Actual output
8,100meters
$
141,345
7,600meters
1,400units
>
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