Apex Industries has budgeted sales for September, October, and November of 18,000, 22,500, and 20,200 units, respectively. Each unit that Apex Industries produces uses 3.8 pounds of raw material. The company requires 30% of the next month's budgeted production raw material inventory each month. as Apex Industries currently pays a standard rate of $1.50 per pound for raw materials. Each unit should be produced in 12 minutes of direct labor time at a standard direct labor rate of $12.00 per hour. Manufacturing overhead is applied at a standard rate of $16.00 per direct labor hour. Calculate the standard cost per unit for Apex Industries. (Round your answer to 2 decimal places.)

Apex Industries has budgeted sales for September, October, and November of 18,000, 22,500, and 20,200 units, respectively. Each unit that Apex Industries produces uses 3.8 pounds of raw material. The company requires 30% of the next month's budgeted production raw material inventory each month. as Apex Industries currently pays a standard rate of $1.50 per pound for raw materials. Each unit should be produced in 12 minutes of direct labor time at a standard direct labor rate of $12.00 per hour. Manufacturing overhead is applied at a standard rate of $16.00 per direct labor hour. Calculate the standard cost per unit for Apex Industries. (Round your answer to 2 decimal places.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 1PA: Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and...

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