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Other Fields Homework Help Accounting Topic started by: Deprecated on Sep 20, 2016



Title: Lewis Marine Company manufactures special metallic materials and decorative fittings for luxury ...
Post by: Deprecated on Sep 20, 2016
Lewis Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Lewis uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:

Direct materials: 4 pounds per unit; $6 per pound
Direct labor: 4 hours per unit; $17 per hour

During the first quarter, Lewis produced 4,000 units of this product. Actual direct materials and direct labor costs were $66,000 and $328,000, respectively.

For the purpose of preparing the flexible budget, what is the total standard direct labor cost at a production volume of 4,000 units?
A) $272,000
B) $68,000
C) $328,000
D) $66,000


Title: Re: Lewis Marine Company manufactures special metallic materials and decorative fittings for luxury ...
Post by: Mrgo-breed on Sep 20, 2016
Content hidden


Title: Re: Lewis Marine Company manufactures special metallic materials and decorative fittings for luxury ...
Post by: Deprecated on Oct 12, 2016
This was certainly a tough question, loving the expertise


Title: Re: Lewis Marine Company manufactures special metallic materials and decorative fittings for luxury ...
Post by: Mrgo-breed on Oct 16, 2016
Excellent :)


Title: Re: Lewis Marine Company manufactures special metallic materials and decorative fittings for luxury ...
Post by: Ayman Zahafi on Apr 14, 2020
thanks