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A CFO creates the following standards for cotton and nylon suits: ...

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Accounting

A CFO creates the following standards for cotton and nylon suits:

Nylon Jogging Suits Cotton Jogging Suits
Std.qty/suit Std.price/input Std.qty/suit Std.price/input
Direct Materials 2.5 yds/suit $20/yd 4 yds/suit $15/yd
Direct Labor 5 dlh/suit $10/dlh 4 dlh/suit $15/dlh
VOH:utilities/grease/janitor 5 mh/suit $10/mh 8 mh/suit $10/mh

The only NON-ZERO variance caused during the year was when the company purchased 1,000 yards of nylon for $12/yard.

Calculate the ACTUAL variable cost of a nylon and cotton jogging suit for the year

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