The Clamen Company makes table lamps, for which the following standards have been developed: Standard...
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Accounting
The Clamen Company makes table lamps, for which the following standards have been developed: Standard Inputs Expected for Each Unit of Output Standard Price Expected per Unit of Output Direct materials 20 pounds $2 per pound Direct labour 6 hours $8 per hour During October, production of 100 lamps was expected, but 110 lamps were actually completed. Direct materials purchased and used were 2,100 pounds at an actual price of $2.20 per pound. Direct labour cost for the month was $5,310, and the actual pay per hour was $9.00.
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