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Lightin' Slow Co. has developed a new puzzle called the Brainbuster. The company has a standard cost system to help control costs and has established the following standards for the Brainbuster. Direct Materials: 8 diodes per puzzle at $0.30 per diode During a very mild August in Atlanta, Lightnin' Slow Co. actually produced 5,000 Brainbuster puzzles. These 5,000 puzzles used 50,000 diodes at an actual cost $0.28 per diode. All 50,000 diodes were used and there was no ending inventory. Required:
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