What is standard cost and flexible budget

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Reference no: EM132755542

Brier Company produces car covers. The company's master budget shows the following standards information.

Expected production for September5,000 units

Direct materials8 yards per unit at $5 per yard

Direct labor3 hours per unit at $16 per hour

Variable manufacturing overhead3 direct labor hours per unit at $2 per hour

Problem 1: What is Standard Cost and Flexible Budget.

Problem 2: Calculate the standard cost per unit for direct materials, direct labor, and variable manufacturing overhead

Reference no: EM132755542

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