Determine the standard direct labor cost per container using the following calculation template.
material cost per container $5.54
material cost per batch of four $22.18
total cost of materials projected in 2021 $665,215
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Animent Industries, Inc. (AII), developed standard costs for direct material and direct labor. In 2015, AII estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price Direct materials 0.70 pounds $80 per pound Direct labor 0.05 hours $20 per hour During June, AII produced and sold 16,000 containers using 19,000 pounds of direct materials at an average cost per pound of $84 and 11,200 direct manufacturing labor-hours at an average wage...
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2015, GII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price Direct materials 0.20 pounds $10 per pound Direct labor 0.60 hours $14 per hour During July, GII produced and sold 3000 containers using 900 pounds of direct materials at an average cost per pound of $7 and 1890 direct manufacturing labor hours at an...
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2015, GII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price Direct materials 0.10 pounds $10 per pound Direct labor 0.80 hours $10 per hour During July, GII produced and sold 3000 containers using 450 pounds of direct materials at an average cost per pound of $6 and 2450 direct manufacturing labor hours at an...
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2015, GII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price Direct materials 0.40 pound $50 per pound Direct labor 0.60 hours $14 per hour During July, GII produced and sold 3000 containers using 1500 pounds of direct materials at an average cost per pound of $48 and 1890 direct manufacturing labor hours at an...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below. Standard Quantity of Hours Direct materials Direct labor 7.0 pounds 0.4 hours Standard Price of Rate $ 3.00 per pound $14.00 per hour Standard Cost $21.00 S 5.60 During the most recent month, the following activity was recorded a. Thirteenthousand six hundred pounds of material were purchased at a cost of $2.90 per pound b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.90 pounds 0.50 hours Standard Price or Rate $2.50 per pound $8.50 per hour Standard Cost $14.75 $ 4.25 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Eleven thousand four hundred pounds of material were purchased at a cost of $2.40 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.40 pounds 0.40 hours Standard Price or Rate $3.00 per pound $6.00 per hour Standard Cost $16.20 $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.40 pounds 0.40 hours Standard Price or Rate $ 3.00 per pound $11.00 per hour Standard Cost $19.20 $ 4.40 Direct materials Direct labor $ During the most recent month, the following activity was recorded: a. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Standard Quantity or Hours 6.40 pounds .40 hours Direct materials Direct labor Standard Price or Rate $ 3.00 per pound $11.00 per hour $19.20 $ 4.00 During the most recent month, the following activity was recorded a. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Animent Industries, Inc. (AII), developed standard costs for direct material and direct labor. In 2015, AII estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price Direct materials 0.10 pounds $100 per pound Direct labor 0.05 hours $35 per hour During June, AII produced and sold 17,000 containers using 2500 pounds of direct materials at an average cost per pound of $105 and 1700 direct manufacturing labor-hours at an average wage...