Rowing Company Has Developed the Following Standards for One of Its

question 116

Multiple Choice

Rowing Company has developed the following standards for one of its products: Direct materials: 7 pounds × $8 per pound
Direct labor: 2 hours × $12.50 per hour
Variable manufacturing overhead: 2.5 hours × $7 per hour
The following activity occurred during the month of March:
Materials purchased: 5,000 pounds costing $42,500
Materials used: 3,600 pounds
Units produced: 500 units
Direct labor: 1,150 hours at $11.80/hour
Actual variable manufacturing overhead: $7,500
The company records materials price variances at the time of purchase.
The variable standard cost per unit is

• A) $81.00
• B) $91.00
• C) $98.50
• D) $42.50

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Definitions:

Agricultural Sector

A segment of the economy devoted to the production, processing, and distribution of food, fibers, and related products from plant and animal sources.

Southern Blacks

Refers to African American populations residing in the Southern United States, often dealing with distinct historical and socio-economic challenges.

Presidential Election

The process by which the President of the United States is elected, typically held every four years.

Republican Party

One of the two major contemporary political parties in the United States, historically committed to conservativism and pro-business policies, with its origins in the anti-slavery movement of the mid-19th century.