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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 allowed* $1 ...Read More

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