Question

Question 1 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.40 pounds of materials. The average waste and spollage per unit produced under normal conditions is 0.60 pounds. Materials cost $2 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 1.00 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Stefani's employees is $12.70. Payroll taxes and fringe benefits are an additional $2.00 per hour. Manufacturing overhead. Overhead is applied at a rate of $6.40 per direct labor hour. Compute Stefani's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $ e Textbook and Media Attempts: 0 of 2 used Save for Later Submit Answer Send to Gradebook MacBook Air

Answer 1

2) Unit product cost

Direct material (4*2.21)	8.84
Direct labor (1.20*14.70)	17.64
Overhead (1.2*6.40)	7.68
Unit product cost	34.16