From the Information Given for Canine Cottage Industries, Compute the Materials

question 90

Essay

From the information given for Canine Cottage Industries, compute the materials, quantity and pric variances.
Canine Cottage Industries makes several specially designed doghouses. The Standard Cost Card for The Gables model is shown. A customer ordered three of this model for their Labrador retrievers. The Job Cost Sheet is shown.
STANDARD COST CARD
Item: Model:The Gables
Materials

Distinguish between physical activity and physical fitness and understand how each contributes to health.

Acknowledge the mental health benefits of regular physical activity.

Recognize misconceptions about exercise and dispel myths with evidence-based information.

Understand the key principles of goal setting for physical activity.

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Definitions:

Direct Costs

Direct costs are expenses that can be directly attributed to the production of a specific product or service, such as raw materials and labor costs.

Factory Supplies Expense

The cost associated with supplies used in the production process within a manufacturing facility.

Depreciation Expense-Factory

The portion of a factory's fixed assets' cost allocated as an expense during a fiscal period, due to wear and tear.

Permanent/Temporary

Refers to elements in financial or other records that either remain constant over time (permanent) or exist only for a specific period before being eliminated (temporary).