The Patriot Company makes chairs for which the following standards have been developed: Production of 250 chairs was expected in March,but 300 chairs were actually completed.Direct materials purchased and used were 2,700 pounds at an actual price of $4.40 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $19.00.What is the standard direct material cost for each chair produced?
A)$19.00
B)$39.00
C)$44.00
D)$46.00

Question

The Patriot Company makes chairs for which the following standards have been developed:  Production of 250 chairs was expected in March,but 300 chairs were actually completed.Direct materials purchased and used were 2,700 pounds at an actual price of $4.40 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $19.00.What is the standard direct material cost for each chair produced?
A)$19.00 
B)$39.00 
C)$44.00 
D)$46.00

Quizplus · Accepted Answer

The Answer of The Patriot Company makes chairs for which the following standards have been developed:  Production of 250 chairs was expected in March,but 300 chairs were actually completed.Direct materials purchased and used were 2,700 pounds at an actual price of $4.40 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $19.00.What is the standard direct material cost for each chair produced?
A)$19.00 
B)$39.00 
C)$44.00 
D)$46.00

The Patriot Company Makes Chairs for Which the Following Standards