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A manufactured product has the following information for June. Standard Actual Direct materials (5 lbs. @ $9 per lb.) 41,400 lbs. @ $9.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 24,400 hrs. @ $16.50 per hr. Overhead (3 hrs. @ $12 per hr.) $ 301,400 Units manufactured 8,200 (1) Compute the standard cost per unit.
A manufactured product has the following information for June. Standard Actual Direct materials (5 lbs. @ $9 per lb.) 41,400 lbs. @ $9.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 24,400 hrs. @ $16.50 per hr. Overhead (3 hrs. @ $12 per hr.) $ 301,400 Units manufactured 8,200 (1) Compute the standard cost per unit.
Answer:$129Explanation:Given that,Direct materials (5 lbs. @ $9 per lb.)Direct labor (3 hrs. @ $16 per hr.)Overhead (3 hrs. @ $12 per hr.)Standard cost per unit:= Direct Material + Direct Labor + Overhead= (Input per unit × Rate per unit) + (Input per unit × Rate per unit) + (Input per unit × Rate per unit)= (5 × $9) + (3 × $16) + (3 × $12)= $45 + $48 + $36= $129 per unitTherefore, the standard cost per unit is $129....
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