The Costmore Company uses standard costing and has established the following standards for direct materials and direct labor for each unit it makes: During July,the company made 4,000 units of product and used 13,000 gallons.The actual price paid for materials was $5.20 per gallon. Direct Labor used was 3,600 hours and workers were paid $11.75 per hour.
An analysis would indicate

Question

The Costmore Company uses standard costing and has established the following standards for direct materials and direct labor for each unit it makes:  During July,the company made 4,000 units of product and used 13,000 gallons.The actual price paid for materials was $5.20 per gallon. Direct Labor used was 3,600 hours and workers were paid $11.75 per hour.
An analysis would indicate

Quizplus · Accepted Answer

The Answer of The Costmore Company uses standard costing and has established the following standards for direct materials and direct labor for each unit it makes:  During July,the company made 4,000 units of product and used 13,000 gallons.The actual price paid for materials was $5.20 per gallon. Direct Labor used was 3,600 hours and workers were paid $11.75 per hour.
An analysis would indicate

The Costmore Company Uses Standard Costing and Has Established the Following