Road ready tire co manufactures automobile tires standard

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Reference no: EM13598906

Road Ready Tire Co. manufactures automobile tires. Standard cost and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 5,200 tires were as follows:

Standard Cost Actual costs
Direct materials 71,000 lbs. @ 5.10 70,600 lbs. @ 5.00
Direct labor 1,300 hrs. @ 17.50 1,330 hrs. @ 17.80
Factory overhead Rates per direct labor hr,
based on 100% of normal capacity of 1,350 direct labor hrs.
- Variable cost 3.10 4,000 Variable cost
- Fixed cost 4.90 6,615 Fixed cost
Each tire requires 0.25 hour of direct labor.

Reference no: EM13598906

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