Question 9 Blossom Company accumulated the following standard cost data concerning product I-Tal. Direct materials per...
Question 9
Blossom Company accumulated the following standard cost data concerning product I-Tal.
| Direct materials per unit: 3.00 pounds at $4.50 per pound |
| Direct labor per unit: 8.60 hours at $15 per hour |
| Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $22.50 per direct labor hour |
Compute the standard cost of one unit of product I-Tal.
(Round answer to 2 decimal places, e.g.
2.75.)
| Standard cost | $
|
Homework Answers
Direct material per unit = 3 pounds at $4.50 per pound
= 3 x 4.50
= $13.50
Direct labor per unit = 8.60 hours at $15 per hour
= 8.60 x 15
= $129
Manufacturing overhead per unit = Direct labor hours x Predetermined overhead rate
= 8.60 x 22.50
= $193.50
Standard cost per unit = Direct material per unit + Direct labor per unit + Manufacturing overhead per unit
= 13.50+129+193.50
= $336
| Standard cost | 336 | $
|
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Question 9
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