Gibson, SA., has developed ideal standards for four activities: labour, materials, inspection, and receiving.
Information is as follows:
The actual prices paid per unit of each activity driver were equal to the standard prices.
Required:
Complete the following cost report.

Question

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The Answer of Gibson, SA., has developed ideal standards for four activities: labour, materials, inspection, and receiving.
Information is as follows:
The actual prices paid per unit of each activity driver were equal to the standard prices.
Required:
Complete the following cost report.