Reference no: EM132776117
Aquatic Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Aquatic uses standard costs to prepare its flexible budget.
For the first quarter of the? year, direct materials and direct labor standards for one of their popular products were as? follows:
Direct? materials: 3 pounds per? unit; $4 per pound
Direct? labor: 4 hours per? unit; $16 per hour
During the first? quarter, Aquatic produced 4,000 units of this product. Actual direct materials and direct labor costs were $67,000 and $327,000?, respectively.
Problem 1: For the purpose of preparing the flexible? budget, calculate the total standard direct materials cost at a production volume of 4,000 units.
A. $67,000
B. $12,000
C. $48,000
D. $16,000
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