Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl used per Type-R table is P7.80 based on six square feet of vinyl at a cost of P1.30 per square foot. A production run of 1,000 tables in January resulted in usage of 6,400 square feet of vinyl at a cost of P1.20 per square foot, at a total cost of P7,680. 31. The usage variance resulting from the above production run was
Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl used per Type-R table is P7.80 based on six square feet of vinyl at a cost of P1.30 per square foot. A production run of 1,000 tables in January resulted in usage of 6,400 square feet of vinyl at a cost of P1.20 per square foot, at a total cost of P7,680. 31. The usage variance resulting from the above production run was
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 19E: The normal capacity of a manufacturing plant is 30,000 direct labor hours or 20,000 units per month....
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