Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips 54) $12.00 Direct labor (0.75 hr. $12) 9.00 Total prime cost 521.00 During the first month of the year, the Bolse plant produced 92,000 belts. Actual leather purchased was 270,500 strips at $3.00 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 79,900 hours at $14.50 per hour. Required:
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.