Haliburton Mills Inc. is a large producer of mens and womens clothing. The company uses...
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Haliburton Mills Inc. is a large producer of mens and womens clothing. The company uses standard costs for all of its products. The standard costs and actual costs for a recent period are given below for one of the companys product lines per unit of product: Standard Cost Actual Cost Direct materials: Standard: metres at $ per metre $ Actual: metres at $ per metre $ Direct labour: Standard: hours at $ per hour Actual: hours at $ per hour Variable manufacturing overhead: Standard: hours at $ per hour Actual: hours at $ per hour Fixed manufacturing overhead: Standard: hours at $ per hour Actual: hours at $ per hour Total cost per unit $ $
Haliburton Mills Inc. is a large producer of mens and womens clothing. The company uses standard costs for all of its products. The standard costs and actual costs for a recent period are given below for one of the companys product lines per unit of product:
Standard
Cost Actual
Cost
Direct materials:
Standard: metres at $ per metre $
Actual: metres at $ per metre $
Direct labour:
Standard: hours at $ per hour
Actual: hours at $ per hour
Variable manufacturing overhead:
Standard: hours at $ per hour
Actual: hours at $ per hour
Fixed manufacturing overhead:
Standard: hours at $ per hour
Actual: hours at $ per hour
Total cost per unit $ $
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