Standard Quantities of Labor and Materials Stillwater Designs rebuilds defective units of its S12L7 Kicker...
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Accounting
Standard Quantities of Labor and Materials
Stillwater Designs rebuilds defective units of its S12L7 Kicker speaker model. During the year, Stillwater rebuilt 7,500 units. Materials and labor standards for performing the repairs are as follows:
Direct materials (1 recon kit @ $160)
$160
Direct materials (1 cabinet @ $50)
50
Direct labor (3 hrs. @ $14)
42
Required:
1. Compute the standard hours allowed for a volume of 7,500 rebuilt units. hours
2. Compute the standard number of kits and cabinets allowed for a volume of 7,500 rebuilt units.
Standard number of kits:
kits
Standard number of cabinets:
cabinets
3. Suppose that during the first month of the year, 4,250 standard hours were allowed for the units rebuilt. How many units were rebuilt during the first month? Round your answer to the nearest whole unit. units
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