a comoany uses standard costs to prepare its flexible budget. for the first quar

Question

a comoany uses standard costs to prepare its flexible budget. for the first quarter of the year , direct materials and direct labor standard's of one of theur popular products were:
direct materials: 5lbs per unit; $6 per lb
direct labor: 4hrs per unit; $17 per hour
during the first quarter they produced 1,000 units of this product. actual direct materials and direct labor costs were $65,000 and $325,000 respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 1,000 units.

Explanation / Answer

for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 1,000 units.

Unit produced 1000 unit Standard Direct material per unit 5 Material for production 5000 Standard Rater per Lb 6 Standard Material cost 30000

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