Castle Company_Standard Costing

$23.00

Description

Castle Company_Standard Costing

  • Castle Company

Castle Company produces throw blankets that are popular holiday gifts. Standard variable costs relating to a single blanket are given below:

Standard Quantity of Hours

Standard Price or Rate

Standard Cost

Direct materials

?

$5 per yard

$?

Direct labor

?

?

$?

Variable manufacturing overhead

?

$2 per direct labor-hour

$?

Total standard cost

$?

Overhead is applied to production on the basis of direct labor hours. During March, 924 blankets were manufactured and sold. Difference between standard and actual cost per blanket produced during March: $0.10 F. .

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