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Posted by: accountinghelp
Price Quoted by Student: $3
Posted On: 2013-10-04 02:02:05
 
Question

Stanton Company is planning to produce 1,400 units of product in 2012. Each unit requires 3.50 pounds of materials at $7.00 per pound

 

E22-1 Stanton Company is planning to produce 1,400 units of product in 2012. Each unit requires 3.50 pounds of materials at $7.00 per pound and a half-hour of labor at $12.60 per hour. The overhead rate is 40% of direct labor.

 

Instructions

(a) Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead.

(b) Compute the standard cost of one unit of product.

Solutions
EXERCISE 22-1   (a) Direct material
Price $3
Attachment 1: Stanton Company.doc
Solution Posted By: Accountinghelp    Posted on: 04-10-2013