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Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a...

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Accounting

Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor hour at a rate of $16 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $4,200 per month. The companys policy is to maintain direct materials inventory equal to 30% of the next months direct materials requirement. At the end of February the company had 7,680

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