SofTest Company produces a variety of wool rugs. Its most popular item is a small oval rug, suitable for placing in front of a door. After trying many different designs and processes, it landed on one style that Brequires both employee and processing time. SofTest allocates MOH based on machine hours. Information concerning the cost of one rug is O presented here. 11 12 13 14 15 16 17 18 19 20 Yards of wool required per rug Minutes of employee time per rug Minutes of processing time per rug Estimated variable-MOH per hour Estimated fixed-MOH per hour Estimated cost of wool per yard Estimate labor cost per hour 15 15 30 3.00 5.00 1.20 15.00 the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. What is the standard cost of producing one oval rug? Direct materials Direct labor Variable-MOH Fixed-MOH Total cost per rug $ $ 18.00 6.25 1.50 5.00 30.75

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Chapter8: Budgets And Bank Reconciliations
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Transcribed Image Text:✔ Microsoft Excel File Edit View Insert Format Tools Data Window Help AutoSave".C... Home Insert Draw Page Layout Formulas Data X. Cut n Paste H15 11 ** 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Copyw Format x 26 27 28 29 30 31 32 33 34 Calibri BIU H. fx SUM(11:14) <> Summary Enter Answer Ready Accessibility: Investigate BO shift tab A B с D 5 SofTest Company produces a variety of wool rugs. Its most popular item 6 is a small oval rug, suitable for placing in front of a door. After trying. 7 many different designs and processes, it landed on one style that caps lock 11 8 requires both employee and processing time. SofTest allocates MOH 9 based on machine hours. Information concerning the cost of one rug is 10 presented here. esc ο Yards of wool required per rug Minutes of employee time per rug Minutes of processing time per rug Estimated variable-MOH per hour Estimated fixed-MOH per hour Estimated cost of wool per yard Estimate labor cost per hour v ! 1 A AT 52 A Q A 2 N Review @ === 2 W S View Automate Acrobat Tell me $ # 3 X L control option command 15 15 30 3.00 5.00 1.20 15.00 10 E 3 Wrap Text w Merge & Center w D C $ 4 DBETA Gradable Excel Brief Exercise 10.3 SUMMultDivide_1_evalresponse C R E F Accounting $%9 % 5 F Saltv T V What is the standard cost of producing one oval rug? 848 G H 1 the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. G Direct materials Direct labor Cell Conditional Format Formatting as Table Styles Variable-MOH Fixed-MOH Total cost per rug 6 MacBook Pro 4 ACO s Y B & 7 H U N $ $ S x Insert Delete Format 8 J 18.00 6.25 1.50 5.00 30.75 1 ( 9 M K - a Microsoft PowerPoint ) O O < Σ AutoSum 23 Y Fill Clear G g6 L - EXO ? GE Aa P 28-0. Find & Sort & Filter Select - : J ; 9 + { [ T command opt
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