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Compute the standard number of kits

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Reference no: EM132970831

Top Notch Music Inc. produces car stereos. During the year Top Notch Materials and labor standards for producing these units are as follows:

Music produced 7,000 stereos.

Direct materials (1 electronic component kit @ $185) $185

Direct materials (2 plastic casings @ $45) 90

Direct labor (8 hours @ $15)120

Required:

Problem A. Compute the standards hours allowed for a volume of 7,000 stereos and the planned cost.

Problem B. Compute the standard number of kits and casings allowed for a value of 7,000 units and the planned cost for each direct material.

Reference no: EM132970831

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