Ewing Corporation's Controller Has Developed the Cost and Usage Data

question 89

Multiple Choice

Ewing Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. $\begin{array}{|l|l|}\hline \text { Direct materials quantity standard } & 3 \text { pounds per prochuct } \\\hline \text { Direct labor time standard } & 5 \text { hours per product } \\\hline \text { Direct materials price standard } & \$ 10 \text { per pound } \\\hline \text { Direct labor rate standard } & \$ 9 \text { per hour } \\\hline \text { Standard variable overhead rate } & \$ 5 \text { per labor hour } \\\hline \text { Standard fixed overhead rate } & \$ 10 \text { per labor hour } \\\hline \end{array}$
- The total standard unit cost is

• A) $105.
• B) $150.
• C) $260.
• D) $34.

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Definitions:

Western Democracies

Countries in the Western hemisphere that operate under a democratic system of government, typically characterized by free elections, civil rights, and political pluralism.

Class Membership

The categorization of individuals based on their economic status, wealth, occupation, and social connections within a stratified societal structure.

Political Parties

Organized groups of people who share similar political aims and opinions, seeking to influence public policy by getting their candidates elected to public office.

Pluralist Theory

suggests that power in a society is distributed among many groups and interests, allowing for multiple competing viewpoints and interests to coexist and influence policy.