Computing a Standard Unit Cost
SE 3. Using the information that follows, compute the standard unit cost of Product MZW:
|
Direct materials quantity standard |
5 pounds per unit |
|
Direct materials price standard |
$10.20 per pound |
|
Direct labor time standard |
0.2 hour per unit |
|
Direct labor rate standard |
$10.75 per hour |
|
Variable overhead rate standard |
$7.00 per machine hour |
|
Fixed overhead rate standard |
$11.00 per machine hour |
|
Machine hour standard |
3 hours per unit |