Total production of 1,000 units of finished goods required 2,800

If beginning work in process was 500 units, 1,500 additional units
May 5, 2020
Anticipated unit sales for January are 5,000; sales for February
May 5, 2020

Total production of 1,000 units of finished goods required 2,800 actual

hours at $11.50 per hour. The standard is 3 hours per unit of finished goods, at a standard rate of $12 per hour. Which of the following statements is true?

 
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