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Goiziness Schoolueta Bus Operations And Supply Chain Management Assignment Help - Highland Company


Question - Highland Company produces a lightweight backpack that is popular with college students. Standard
variable costs relating to a single backpack are given below:

Standard Quantity
or Hours
Standard Price
or Rate
Standard
Cost
Direct materials ? $6.00 per yard $ ?
Direct labor ? ? ?
Variable manufacturing overhead ? $2 per direct
labor-hour ?

Total standard cost $?



Overhead is applied to production on the basis of direct labor-hours. During March, 770 backpacks
were manufactured and sold. Selected information relating to the month’s production is given below:

Materials Used Direct Labor
Variable
Manufacturing
Overhead
Total standard cost allowe ...Read More

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