Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of...
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Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have beern set for the seat covers, the factory should work 1,045 hours each month to produce 2,090 sets of covers. The standard costs associated with this level of production are as follows Per Set Total of Covers $49,533 $23.70 Direct materials Direct labour Variable manufacturing overhead 5.00 (based on direct labour-hours) $4,5982.20 $30.90 510,450 be
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