MKT 500 Study Guide - Final Guide: Standard Cost Accounting, Kilogram, Contribution Margin
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Quiz #3 - summer 2013 key: tower company planned to produce 3,000 units of its single product, titactium, during november. The standards for one unit of titactium specify six kilograms of materials at sh. 30 per kilogram. Actual production in november was 3,100 units of titactium. There was a favourable materials price variance of and an unfavourable materials quantity variance of . Learning objective: 2: dahl company, a clothing manufacturer, uses a standard costing system. Each unit of a finished product contains 2 metres of cloth. However, there is unavoidable waste of 20%, calculated on input quantities, when the cloth is cut for assembly. The cost of the cloth is per metre. What is the standard direct material cost for cloth per unit of finished product: . 80, . 00, . 00, . 50. Learning objective: 1: cox company"s direct material costs for the month of january were as follows:
