Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 units of product were as follows: Standard Costs Actual Costs Direct materials 7,800 lb. at $5.90 7,700 lb. at $5.80 Direct labor 1,500 hrs. at $16.10 1,530 hrs. at $16.40 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 1,560 direct labor hrs.: Variable cost, $3.00 $4,460 variable cost Fixed cost, $4.70 $7,332 fixed cost Each unit requires 0.25 hour of direct labor.

Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 units of product...

Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 units of product were as follows:

	Standard Costs	Actual Costs
Direct materials	7,800 lb. at $5.90	7,700 lb. at $5.80
Direct labor	1,500 hrs. at $16.10	1,530 hrs. at $16.40
Factory overhead	Rates per direct labor hr.,
	based on 100% of normal
	capacity of 1,560 direct
	labor hrs.:
		Variable cost, $3.00	$4,460 variable cost
		Fixed cost, $4.70	$7,332 fixed cost

Each unit requires 0.25 hour of direct labor.

Jun 08, 2022

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Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 units of product...

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