standard costing accounting
During May, Joliet Fabrics Corporation manufactured 500 units of a specail multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to May. Direct material purchased: 18,000 yards at $1.38 per yard……….$24,840 Direct material used: 9,500 yards at $1.38 per yard…………………$13,110 Direct labor: 2,100 hours at $9.15 per […]