EXERCISE 10-15 (CONTINUED) ALTERNATIVE SOLUTION

3. - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
3. Total standard cost of materials used during March (a) .... $16,800Number of backpacks produced during March (b)... 1,000Standard materials cost per backpack (a) ÷ (b) ... $16.80Standard materials cost per backpack $16.80 per backpack=Standard materials cost per yard $6.00 per yard= 2.8 yards per backpack