Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.20
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.10 pounds. Materials cost $1
per pound, but Stefani always takes the 1.00% cash discount all of
its suppliers offer. Freight costs average $0.40 per pound.
Direct labor. Each unit requires 2.90 hours of labor.
Setup, cleanup, and downtime average 0.20 hours per unit. The
average hourly pay rate of Stefani’s employees is $10.20. Payroll
taxes and fringe benefits are an additional $3.70 per hour.
Manufacturing overhead. Overhead is applied at a rate of
$4.90 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 | $enter the total standard cost per unit rounded to 2 decimal places |
Calculate standard cost per unit
Direct material (3.3*1.39) | 4.59 |
Direct labor (3.1*13.90) | 43.09 |
Overhead (3.1*4.9) | 15.19 |
Total Standard cost per unit | 62.87 |
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.20 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.40 per pound. Direct labor. Each unit requires 2.90 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.90 pounds. Materials cost $4 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 2.10 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.00 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.00 pounds. Materials cost $1 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 1.80 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.90 pounds. Materials cost $4 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 2.10 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.90 pounds. Materials cost $2 per pound, but Stefani always takes the 4.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit requires 1.30 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.00 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.00 pounds. Materials cost $4 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 1.90 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
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 spoilage 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...
Question 7 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 spoilage 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...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.90 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.60 pounds. Materials cost $4 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.35 per pound. Direct labor. Each unit requires 1.80 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.20 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.80 pounds. Materials cost $1 per pound, but Stefani always takes the 1.00% 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 0.10 hours per unit. The average hourly...