Lacrue Inc. has provided the following data concerning one of the products in its standard...
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Accounting
Lacrue Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs
Standard Quantity or Hours per Unit of Output
Standard Price or Rate
Direct materials
6.3
ounces
$
5.50
per ounce
Direct labor
0.40
hours
$
22.00
per hour
Variable manufacturing overhead
0.40
hours
$
3.80
per hour
The actual output for the period was 3,700 units.
The standard hours allowed for the actual output is closest to:
Answer & Explanation
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