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Managerial Accounting for Decision Making

by: Gerda Pacocha

Managerial Accounting for Decision Making ACC 208

Marketplace > California State Polytechnic University > Accounting > ACC 208 > Managerial Accounting for Decision Making
Gerda Pacocha
CSU Pomona
GPA 3.86

Kevin Jacobs

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About this Document

Kevin Jacobs
Class Notes
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This 1 page Class Notes was uploaded by Gerda Pacocha on Saturday October 3, 2015. The Class Notes belongs to ACC 208 at California State Polytechnic University taught by Kevin Jacobs in Fall. Since its upload, it has received 13 views. For similar materials see /class/218382/acc-208-california-state-polytechnic-university in Accounting at California State Polytechnic University.


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Date Created: 10/03/15
Lido Company39s standard and actual costs per unit for the most recent period during which 500 units were actually produced are given below Standard Actual Materials Standard 2 feet at 150 per foot 300 Actual 19 feet at 160 per foot 304 Direct labor Standard 15 hours at 600 per hour 900 Actual 17 hours at 630 per hour 1071 Variable manufacturing overhead Standard 15 hours at 340 per hour 510 Actual 17 hours at 300 per hour 510 Total unit cost 1710 1885 All of the material purchased during the period was used in production during the period Reguired 1 How many feet of material should have been used to produce 500 units 2 How many labor hours should have been used to produce 500 units 3 How many feet of material were used to produce 500 units 4 How many labor hours were used to produce 500 units 5 How much should the labor have cost in total to produce 500 units 6 How much did the labor cost in total to produce 500 units 7 How much did the material cost in total to produce 500 units 8 How much should have the material cost in total to produce 500 units 9 Calculate the total actual cost to produce 500 units 10 Calculate the total standard cost to produce 500 units Name Group


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