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The following standard cost card is provided for Navid Company's Product A: Direct material (3 lbs....

The following standard cost card is provided for Navid Company's Product A:

Direct material (3 lbs. @ $3.00 per lb.) $ 9.00
Direct labor (2 hr @ $8.00 per hr.) 16.00
Variable overhead (1 hr. @ $2.00 per hr.) 2.00
Fixed overhead (1 hr. @ $3.00 per hr.) 3.00
Total standard cost per unit $ 30.00



The fixed overhead rate is based on total budgeted fixed overhead of $16,000. During the period, the company produced and sold 5,100 units at the following costs:
Direct material 16,000 pounds @ $2.50 per pound
Direct labor 4,850 hours @ $16.00 per hour
Overhead $29,980
The standard manufacturing cost per unit is $30.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Multiple Choice

  • $31.60.

  • $30.88.

  • $28.94.

  • Cannot be determined from the information provided.

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Answer #1

Actual manufacturing cost = Direct material + Direct labor + overhead

= 16000*2.50 + 4850*16+29980

= $147580

Actual manufacturing cost per unit = 147580/5100

= $28.94 per unit

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