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7 years ago
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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Deprecated Author
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#2
7 years ago
This was certainly a tough question, loving the expertise
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#3
7 years ago
Excellent Slight Smile
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#4
4 years ago
thanks
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