Chapter 24 Flashcards
1
Q
Standard direct materials price per pound
A
Purchase price net or discounts + freight + receiving and handling
2
Q
Standard direct materials quantity per unit
A
Required materials + allowance for waste + allowance for spoilage
3
Q
Standard direct labor price per hour
A
Hourly wage rate + COLA + payroll taxes + fringe benefits
4
Q
Standard direct labor hours per unit
A
Actual production time + rest periods and cleanup + setup and downtime
