Homework Answers
Calaculation of standard direct materail cost per unit:
"The correct option is a. $16"
Standrad direct material cost per unit
= Standard quantity required per unit of output × standard cost per
unit of material
= 4 pounds × $4 per pound
= $16
____×____
Do vote, All the best,
HAPPY CHEGGING.
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what is the standard direct material price per pound for the
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Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Product Names Steel Plastic pri Direct materials information ma Standard pounds per unit 3 lb. 1.5 lb. $1 Standard Price (SP) per pound $3.00 Actual Quantity (AQ) used...
36 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 8,100 units Direct material purchased 26,600 pounds at $2.70 Direct material used 24,000 pounds at $2.70 Direct labor 41,100 hours at $7.30 (8 04:26:11 $ 71,820 64,800 300,030 Print Assume that the company computes variances at the earliest point in time. The direct-material price variance is: Multiple...
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