Ask Question
6 June, 18:46

Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fabric at $4.00 per yard Standard Labor: 1 hour at $5.75 per hour Factory Overhead: $2.90 per direct labor hour

+1
Answers (1)
  1. 6 June, 18:57
    0
    The standard cost for one hat is $ 11.65

    Explanation:

    The standard cost of a hat is determined after consider all the manufacturing costs components in it. Based on the data available, it is calculated as under:

    Standard Material 3/4 yards @ $ 4 per yard $ 3.00

    Standard Labor 1 hour at $ 5.75 per hour $ 5.75

    Factory overhead $ 2.90 per direct labor hour $ 2.90

    Standard cost for one hat $ 11.65

    The factory overhead has been considered at one hour, which is the direct labor hour in the standard calculation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fabric at ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers