The following standard cost card is provided for Navid Company's Product A:
Direct material (2 lbs. @ $5.00 per lb.) $10.00
Direct labor (1 hr @ $8.00 per hr.) 8.00
Variable overhead (1 hr. @ $3.00 per hr.) 3.00
Fixed overhead (1 hr. @ $2.00 per hr.) 2.00
Total standard cost per unit $23.00
The fixed overhead rate is based on total budgeted fixed overhead of $12,000. During the period, the company produced and sold 5,800 units at the following costs:
Direct material 12,200 pounds @ $4.80 per pound
Direct labor 5,950 hours @ $8.00 per hour
Overhead $29,920
The standard manufacturing cost per unit is $23.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations.)
Cannot be determined from the information provided.
A. $17.96.
B. $23.46.
C. $36.16.
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