Earthern Ware Products is a manufacturer of large flower pots for ur.docx - Earthern Ware Products is a manufacturer of large flower pots for urban

Earthern Ware Products is a manufacturer of large flower pots for ur.docx

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Earthern Ware Products is a manufacturer of large flower pots for urban settings. The company has these standards: Requirements 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. 2. Determine the standard cost of one flower pot. Direct materials (resin) . . . . . . . . . . . . . . . . . . . . . . 11 pounds per pot, at a cost of $3.00 per pound Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.6 hours at a cost of $16.50 per hour Standard variable manufacturing overhead rate . . . . $3.50 per direct labor hour Predetermined fixed manufacturing overhead rate . . $7.75 per direct labor hour Earthern Ware allocates variable and fixed manufacturing overhead to production based on standard direct labor hours.
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Unformatted text preview: 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. 2. Determine the standard cost of one flower pot. Direct materials (resin) . . . . . . . . . . . . . . . . . . . . . . 11 pounds per pot, at a cost of $3.00 per pound Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.6 hours at a cost of $16.50 per hour Standard variable manufacturing overhead rate . . . . $3.50 per direct labor hour Predetermined fixed manufacturing overhead rate . . $7.75 per direct labor hour Earthern Ware allocates variable and fixed manufacturing overhead to production based on standard direct labor hours....
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