Jody Jewelry manufactures jewelry. In October Jody is planning to make 500 rings

Question

Jody Jewelry manufactures jewelry. In October Jody is planning to make 500 rings, 400 bracelets, and 210 pendants. Each ring requires 3 ounces of gold and 2 semi-precious stones. Each bracelet requires 4 ounces of gold and 4 semi-precious stones. Each pendant requires 3.5 ounces of gold and 1 semi-precious stone. The company can purchase the 10k gold it uses in its manufacturing for $215 an ounce, and can purchase a lot of 100 semi-precious stones for $3,080. What is the standard cost for direct materials per bracelet?

actice Assignment Gradebook ORION nment 1 07138 PM/ Remaining: 62 min. CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Multiple Choice Question 83 Your answer is incorrect. Try again. Jody Jewelry manufactures jewelry. In October Jody is planning to make 500 rings, 400 bracelets, and 210 pendants. Each ring requires 3 ounces of gold and 2 semi- precious stones. Each bracelet requires 4 ounces of gold and 4 semi-predious stones. Each pendant requires 3.5 ounces of gold and 1 semi-precious stone. The company can purchase the 10k gold it uses in its manufacturing for $215 an ounce, and can purchase a lot of 100 semi-precious stones for $3,080. What is the standard cost for direct materials per bracelet? O $245.8o O $338.20 e $890.80 $983.20 LINK TO TEXT Question Attempts: 1 of 2 used SAVE FOR LATER SUBNET ANSWER e @,a 8:37 PM 3/14/2018 A ENG to search o

Explanation / Answer

Standard direct material cost per bracelet :

Gold ounce cost = 215*4 = 860

Semi precious stone = 3080*4/100 = 123.20

Standard direct material cost per bracelet = (860+123.20) = 983.20

so answer is d) $983.20

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