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19 August, 04:55

Ship Co. produces storage crates that require 34.0 meters of material at $0.20 per meter and 0.30 direct labor hours at $19.00 per hour. Overhead is applied at the rate of $16 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?

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  1. 19 August, 05:09
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    Total standard cost = $103.7

    Explanation:

    Standard cost is the sum of the standard material cost, standard labour cost and standard overhead

    Overhead = OAR * direct labour hour

    = $16 * (0.30*$19.00) = 91.2

    Standard cost = (34.0*$0.20) + (0.30*$19.00) + 91.2 = $103.7

    Standard cost = $103.7
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Home » Business » Ship Co. produces storage crates that require 34.0 meters of material at $0.20 per meter and 0.30 direct labor hours at $19.00 per hour. Overhead is applied at the rate of $16 per direct labor hour.
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