Klash Company Adopted a Standard Cost System Several Years Ago

Essay

Klash Company adopted a standard cost system several years ago.The company uses standard costs for all of its inventories.The standard costs for direct materials and labor for its single product are as follows: Materials (12 kilograms/unit x $7.00 per kilogram)= $84.00/unit;direct labor (8 hours/unit x $12.00 per hour)= $96.00/unit.All materials are issued at the beginning of processing.The operating data shown below were taken from the records for December: