XYZ Company produces high quality widgets. Three raw materials are converted into the finished product by two labor groups. Manufacturing overhead is applied to finished units based on direct labor hours. The following standards have been established for each widget produced: $\begin{array}{ll}
\text { Raw material \#1 } & 50 \mathrm{lbs} . @ \$ 6.50 / \mathrm{lb} \
\text { Raw material \#2 } & 24 \mathrm{ft} . @ \$ 4.75 / \mathrm{ft} \
\text { Raw material \#3 } & 1 \text { container } @ \$ 16.00\
\
\text {Labor group} \# 1& 3\text { hrs} @ \$ 20.00/ \text { hr} \
\text {Labor group} \# 2 &1.5 \text { hrs} @ \$ 30.00 /\text { hr}
\end{array}$

$\text { Manufacturing overhead } \$ 20.00 / \mathrm{dhr}$

Question

XYZ Company produces high quality widgets. Three raw materials are converted into the finished product by two labor groups. Manufacturing overhead is applied to finished units based on direct labor hours. The following standards have been established for each widget produced: $\begin{array}{ll}
\text { Raw material \#1 } & 50 \mathrm{lbs} . @ \$ 6.50 / \mathrm{lb} \
\text { Raw material \#2 } & 24 \mathrm{ft} . @ \$ 4.75 / \mathrm{ft} \
\text { Raw material \#3 } & 1 \text { container } @ \$ 16.00\
\
\text {Labor group} \# 1& 3\text { hrs}  @ \$ 20.00/ \text { hr} \
\text {Labor group}  \# 2 &1.5 \text { hrs} @ \$ 30.00 /\text { hr}  
\end{array}$

$\text { Manufacturing overhead } \$ 20.00 / \mathrm{dhr}$

Quizplus · Accepted Answer

The Answer of XYZ Company produces high quality widgets. Three raw materials are converted into the finished product by two labor groups. Manufacturing overhead is applied to finished units based on direct labor hours. The following standards have been established for each widget produced: $\begin{array}{ll}
\text { Raw material \#1 } & 50 \mathrm{lbs} . @ \$ 6.50 / \mathrm{lb} \
\text { Raw material \#2 } & 24 \mathrm{ft} . @ \$ 4.75 / \mathrm{ft} \
\text { Raw material \#3 } & 1 \text { container } @ \$ 16.00\
\
\text {Labor group} \# 1& 3\text { hrs}  @ \$ 20.00/ \text { hr} \
\text {Labor group}  \# 2 &1.5 \text { hrs} @ \$ 30.00 /\text { hr}  
\end{array}$

$\text { Manufacturing overhead } \$ 20.00 / \mathrm{dhr}$

XYZ Company Produces High Quality Widgets Manufacturing overhead $20.00/dhr\text { Manufacturing overhead } \$ 20.00 / \mathrm{dhr} Manufacturing overhead $20.00/dhr

XYZ Company Produces High Quality Widgets $\text { Manufacturing overhead } \$ 20.00 / \mathrm{dhr}$