to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 995 hours each month to produce 1,990 sets of covers. The standard costs associated with this level of production are: Direct materials Direct labor variable manufacturing overhead (based on direct labor-hours) Total $ 47,362 $ 8,955 $ 2,388 Direct materials (8,800 yards) Direct labor Variable manufacturing overhead Per Set of Covers $23.80 4.50 During August, the factory worked only 1,000 direct labor-hours and produced 2,300 sets of covers. The following actual costs were recorded during the month: Total $50,600 $ 10,580 500 1.20 $ 29.50 Per Set of Covers $ 22.00 4.60 3.99
to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 995 hours each month to produce 1,990 sets of covers. The standard costs associated with this level of production are: Direct materials Direct labor variable manufacturing overhead (based on direct labor-hours) Total $ 47,362 $ 8,955 $ 2,388 Direct materials (8,800 yards) Direct labor Variable manufacturing overhead Per Set of Covers $23.80 4.50 During August, the factory worked only 1,000 direct labor-hours and produced 2,300 sets of covers. The following actual costs were recorded during the month: Total $50,600 $ 10,580 500 1.20 $ 29.50 Per Set of Covers $ 22.00 4.60 3.99
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter13: Nonlinear Optimization Models
Section: Chapter Questions
Problem 8P: Andalus Furniture Company has two manufacturing plants, one at Aynor and another at Spartanburg. The...
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