A manufacturer produces a product known as Symphony X. The company uses a standard costing system and provides you with the following information: Direct materials required to produce one unit of Symphony X:9.5KGStandard cost of direct materials: £50/KGNormal wastage while producing two units of Symphony X:2.5KG per Unit Based on the above information, what is the standard direct materials cost per unit of Symphony X?Choose one from the following: A.£475.00 B.£350.00 C.£537.50 D.£575.50

The standard units are included of the expected scrap units.

Answered: A manufacturer produces a product known…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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A manufacturer produces a product known as Symphony X. The company uses a standard costing system and provides you with the following information:

Direct materials required to produce one unit of Symphony X:	9.5	KG
Standard cost of direct materials:		£50	/KG
Normal wastage while producing two units of Symphony X:	2.5	KG per Unit

Based on the above information, what is the standard direct materials cost per unit of Symphony X?

Choose one from the following:

	A.	£475.00
	B.	£350.00
	C.	£537.50
	D.	£575.50

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