World Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 6.9 grams 0.90 hours 0.90 hours. O 24,979 grams O 28,980 grams O 26,900 grams O 26,910 grams Standard Price or Rate S 9.20 per gram S 21.20 per hour $ 3.60 per hour The actual output for the period was 3,900 units. The standard amount of materials allowed for the actual output is closest to:
World Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 6.9 grams 0.90 hours 0.90 hours. O 24,979 grams O 28,980 grams O 26,900 grams O 26,910 grams Standard Price or Rate S 9.20 per gram S 21.20 per hour $ 3.60 per hour The actual output for the period was 3,900 units. The standard amount of materials allowed for the actual output is closest to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:World Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing
overhead is applied to products on the basis of direct labor-hours.
Inputs
Direct materials
Direct labor
Variable manufacturing
overhead
Standard Quantity or Hours per
Unit of Output
O 24.979 grams
O 28,980 grams
O 26,900 grams
O 26,910 grams
6.9 grams
0.90 hours
0.90 hours
Standard Price or
Rate
S 9.20 per gram
S 21.20 per hour
S 3.60
per hour
The actual output for the period was 3,900 units.
The standard amount of materials allowed for the actual output is closest to:
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education