Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing...

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Accounting

Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor
\tabe Leather
(3 strips @ $6-$18.00
Direcr labor .75hr @ $16-12
Total prime cost $30
During the first month of the year the boys plant produced 92,000 belts. Actual leather purchase was 296,500 strips at $4.80 per strip. There was no beginning or ending inventory of leather actual direct labor was 79,600 hours and $18.50

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