The following additional information is available: The company recognizes price

Question

The following additional information is available: The company recognizes price variances when materials are purchased The standard labor rate is $22.00 per hour in Sintering and $21.00 per hour in Finishing. During May, 1,400 direct labor-hours were worked in Sintering at a total labor cost of $34,300. and 3,050 direct labor-hours were worked in Finishing at a total labor cost of $70,150 Production during May was 2,600 Alpha6s and 1,000 Zeta7s Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor (Round your answers to 2 decimal places.)

Explanation / Answer

Answer:

Standard Quantity or Hours Standard Price or Rate Standard Cost in $ Alpha6 Direct Materials- X442 =2600*2.5 6500 kilos 3.4 per kilos                    22,100.00 Direct Materials- Y661 =2600*2.5 6500 liters 1.6 per liters                    10,400.00 Direct lobor-Sintering =2600*.4 1040 hours 22 per hours                    22,880.00 Direct lobor-Finishing =2600*.9 2340 hours 21 per hours                    49,140.00                 104,520.00 Zeta7 Direct Materials- X442 =1000*4.5 4500 kilos 3.4 per kilos                    15,300.00 Direct Materials- Y661 =1000*4.5 4500 liters 1.6 per liters                      7,200.00 Direct lobor-Sintering =1000*.35 350 hours 22 per hours                      7,700.00 Direct lobor-Finishing =1000*.80 800 hours 21 per hours                    16,800.00                    47,000.00

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