Business, 28.02.2020 05:49 edjiejwi

Levine Inc., which produces a single product, had prepared the following standard cost sheet for one unit of the product.

Direct materials (8 pounds at $3.30 per pound) $26.40
Direct labor (1 hour at $12.00 per hour) $12.00

During the month of April, the company manufactures 240 units and incurs the following actual costs.

Direct materials purchased and used (2,300 pounds) $8,050
Direct labor (280 hours) $3,304

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Levine Inc., which produces a single product, had prepared the following standard cost sheet for one...

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