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Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...

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Accounting

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Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Hours Standard Price or Rate Direct materials 4.6 pounds $ 2.50 per pound 5.11.50 Direct labor 0.2 hours $ 18.00 per hour $ 3.60 During the most recent month, the following activity was recorded: Cost a. Twenty thousand pounds of material were purchased at a cost of $2.35 per pound. b. All of the material purchased was used to produce 4,000 units of Zoom c.750 hours of direct labor time were recorded at a total labor cost of $14,925

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