Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. • Maple Leaf produced and sold 93,000 tires for $36 each. Budgeted production was 97,000 tires. • Standard variable costs per tire follow. Direct materials: 4 pounds at $2.00 Direct labor: 0.35 hours at $15.00 Variable production overhead: 0.10 machine-hours at $15 per hour Total variable costs $ 8.00 5.25 1.50 $14.75
Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. • Maple Leaf produced and sold 93,000 tires for $36 each. Budgeted production was 97,000 tires. • Standard variable costs per tire follow. Direct materials: 4 pounds at $2.00 Direct labor: 0.35 hours at $15.00 Variable production overhead: 0.10 machine-hours at $15 per hour Total variable costs $ 8.00 5.25 1.50 $14.75
Chapter1: Financial Statements And Business Decisions
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