DuRoss Company produces coats. The company uses a standard costing system and has set the following standards for materials and labor:
During the year DuRoss produced 55,000 coats. Actual fabric purchased was 460,000 yards at $5.75 per yard. There were no beginning or ending inventories of fabric. Actual direct labor was 120,000 hours at $19.25 per hour.

Question

DuRoss Company produces coats. The company uses a standard costing system and has set the following standards for materials and labor:
  During the year DuRoss produced 55,000 coats. Actual fabric purchased was 460,000 yards at $5.75 per yard. There were no beginning or ending inventories of fabric. Actual direct labor was 120,000 hours at $19.25 per hour.

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The Answer of DuRoss Company produces coats. The company uses a standard costing system and has set the following standards for materials and labor:
  During the year DuRoss produced 55,000 coats. Actual fabric purchased was 460,000 yards at $5.75 per yard. There were no beginning or ending inventories of fabric. Actual direct labor was 120,000 hours at $19.25 per hour.

DuRoss Company Produces Coats