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DuRoss Company Produces Coats

Question 115

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DuRoss Company produces coats. The company uses a standard costing system and has set the following standards for materials and labor:
DuRoss Company produces coats. The company uses a standard costing system and has set the following standards for materials and labor: During the year DuRoss produced 55,000 coats. Actual fabric purchased was 460,000 yards at $5.75 per yard. There were no beginning or ending inventories of fabric. Actual direct labor was 120,000 hours at $19.25 per hour. During the year DuRoss produced 55,000 coats. Actual fabric purchased was 460,000 yards at $5.75 per yard. There were no beginning or ending inventories of fabric. Actual direct labor was 120,000 hours at $19.25 per hour.
DuRoss Company produces coats. The company uses a standard costing system and has set the following standards for materials and labor: During the year DuRoss produced 55,000 coats. Actual fabric purchased was 460,000 yards at $5.75 per yard. There were no beginning or ending inventories of fabric. Actual direct labor was 120,000 hours at $19.25 per hour.

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