Chapter 29 – Controlling Manufacturing Costs: Standard Costs
63. One element that is NOT part of the standard cost is
64. Standard quantity is usually determined by the
65. The difference between the total standard cost and the total actual cost is the
29–24
70. Vista Company’s records show the following information for the first six months of 2013.
1. What are the variable costs per hour using the high-low point method?
2. What are the fixed costs per month using the high-low point method?
Chapter 29 – Controlling Manufacturing Costs: Standard Costs
29–28
Kenwood Company’s manufacturing overhead costs for the assembly department are given
below.
29–33
78. Prepare a budget for manufacturing costs for Nacelle Manufacturing for the month of July
2013 from the following information. Direct materials are estimated to be $480,000 for the
year and direct labor is estimated to be $96,000. The direct labor per hour average is $13 and
the budgeted level of activity for the month is 1,200 hours.
