J.C Coats Inc. carefully develops standards for its coat making operation. Its specifications call for 2 square yards of wool per coat. The budgeted price of wool is $44 per square yard. The actual price for the wool was $36 and the usage was only 1.70 yards of wool per coat. What would be the standard cost per output for the wool?
A) $61.20 per coat
B) $72.00 per coat
C) $88.00 per coat
D) $74.80 per coat
Correct Answer:
Verified
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