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26 November, 19:17

Marley Office Goods budgeted 12,000 and produced 11,000 tape dispensers during June. The resin used to make the dispensers is purchased by the pound. Standards and actual costs follow for June: Standard Actual Materials 2 pounds @ $5.00 a pound 20,900 pounds $4.90 a pound Labor. 25 hours $15.00 per hour 2,700 hours $15.30 per hour Variable Overhead $3.25 per dispenser $36,500 Fixed Overhead $1.50 per dispenser $17,250. How much is the standard cost of one tape dispenser?

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  1. 26 November, 19:27
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    standard cost = $18.50 per dispenser

    Explanation:

    given data

    standard actual cost

    Materials = 2 pounds @ $5.00 a pound 20,900 pounds $4.90 a pound

    Labor =.25 hours $15.00 per hour 2,700 hours $15.30 per hour

    Variable Overhead = $3.25 per dispenser $36,500

    Fixed Overhead = $1.50 per dispenser $17,250

    to find out

    standard cost of one tape dispenser

    solution

    first we get here Materials cost and labor cost that is

    Materials = 2 pounds @ 5 per pound

    material = $10

    and

    Labor = 0.25 Hrs @ 15 per hour

    labor = $3.75

    and Variable cost is $3.25 and Fixed Cost is $1.50

    so standard cost will be here as

    standard cost = $10 + $3.75 + $3.25 + $1.50

    standard cost = $18.50 per dispenser
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