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Find the standard quantity allowed for the actual output

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Reference no: EM132587050

Question 1: Fletcher Company collected the following data regarding production of one of its products. Compute the standard quantity allowed for the actual output.

Direct materials standard (7 lbs. @ $4/lb.)$28 per finished unit.

Actual direct materials used 263,000 lbs.

Actual finished units produced 37,000 units.

Actual cost of direct materials used$1,040,000

Multiple Choice

Option 1: 259,000 pounds.

Option 2: 263,000 pounds.

Option 3: 37,000 pounds.

Option 4: 1,036,000 pounds.

Option 5: 148,000 pounds.

Reference no: EM132587050

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