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Jody Jewelry manufactures jewelry. In October Jody is planning to make 500 rings, 400 bracelets, and ...

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Jody Jewelry manufactures jewelry. In October Jody is planning to make 500 rings, 400 bracelets, and ...

Jody Jewelry manufactures jewelry. In October Jody is planning to make 500 rings, 400 bracelets, and 210 pendants. Each ring requires 3 ounces of gold and 2 semi-precious stones. Each bracelet requires 4 ounces of gold and 4 semi-precious stones. Each pendant requires 3.5 ounces of gold and 1 semi-precious stone. The company can purchase the 10k gold it uses in its manufacturing for $215 an ounce, and can purchase a lot of 100 semi-precious stones for $3,080. What is the standard cost for direct materials per pendant?

▸ $245.80

▸ $752.50

▸ $3,295.00

▸ $783.30

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Managerial Accounting

Edition: 4^th

Author: Davis

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