Mac Industries' controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Particulars Direct materials quantity standard Direct labor time standard Direct materials price standard Direct labor rate standard Standard variable overhead rate Standard fixed overhead rate Standard Rate 8 kilograms per product 3.5 hours per product $14 per kilogram $11 per hour $15 per labor hour $18 per labor hour Using the above information provided for Mac Industries, what is the total standard unit cost?

Mac Industries' controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Particulars Direct materials quantity standard Direct labor time standard Direct materials price standard Direct labor rate standard Standard variable overhead rate Standard fixed overhead rate Standard Rate 8 kilograms per product 3.5 hours per product $14 per kilogram $11 per hour $15 per labor hour $18 per labor hour Using the above information provided for Mac Industries, what is the total standard unit cost?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 38BEB: Mulliner Company showed the following information for the year: Required: 1. Calculate the standard...

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provide for chirs corporation what is the total standard unit cost?
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A Company establishes the following standards for the costs of one unit of its product. The standard production overhead costs per unit are bascd on direct-labor hours. Calculation for standard per unit cost is as follows: Std Cost Std Qty 3.00 kg | Direct Material Direct Labor Variable Overhead Fixed Overhead* |Total *based on practical capacity of 20,000 direct-labor hour per month Std Price/Rate $ 8.25 per kg $ 10.00 per hour $ 10.00 per hour $ 7.50 per hour 24.75 $ 20.00 2.00 hour $ 20.00 2.00 hour 15.00 2.00 hour 79.75 During December 2020, the Company purchased 30,000 kg of direct material at a total cost of $246,000. The total wages for December were $260,000, 75% of which were for direct labor. The Company manufactured 9,500 units of product during December 2020, using 28,400 kg of the direct material purchased in December and 18,900 direct-labor hours. Actual variable and fixed overhead cost were $200,000 and $150,000, respectively. The scheduled production for the month was…
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Stargate Corporation has established the following standards for the costs of one unit of its product. The standard production overhead costs per unit are based on direct-labor hours. Calculation for standard per unit cost is as follows: Std Cost Std Qty Std Price/Rate Direct Material $     14.40 6.00 kg $    2.40 per kg Direct Labor $       3.00 0.40 hour $    7.50 per hour Variable Overhead $      4.00 0.40 hour $    10.0 per hour Fixed Overhead $      4.80 0.40 hour $    12.0 per hour Total $     26.20 *based on practical capacity of 2,500 direct-labor hour per month During December 2020, Henry purchased 30,000 kg of direct material at a total cost of $75,000. The total wages for December were $20,000, 75% of which were for direct labor. Henry manufactured 4,500 units of product during December 2020, using 28,000kg of the direct material purchased in December and 2,100 direct-labor hours. Actual variable and fixed overhead cost were $23,100…
Stargate Corporation has established the following standards for the costs of one unit of its product. The standard production overhead costs per unit are based on direct-labor hours. Calculation for standard per unit cost is as follows: Std Cost Std Qty Std Price/Rate Direct Material $     14.40 6.00 kg $    2.40 per kg Direct Labor $       3.00 0.40 hour $    7.50 per hour Variable Overhead $      4.00 0.40 hour $    10.0 per hour Fixed Overhead $      4.80 0.40 hour $    12.0 per hour Total $     26.20 *based on practical capacity of 2,500 direct-labor hour per month During December 2020, Henry purchased 30,000 kg of direct material at a total cost of $75,000. The total wages for December were $20,000, 75% of which were for direct labor. Henry manufactured 4,500 units of product during December 2020, using 28,000kg of the direct material purchased in December and 2,100 direct-labor hours. Actual variable and fixed overhead cost were $23,100…
Stargate Corporation has established the following standards for the costs of one unit of its product. The standard production overhead costs per unit are based on direct-labor hours. Calculation for standard per unit cost is as follows: Std Cost Std Qty Std Price/Rate Direct Material $     14.40 6.00 kg $    2.40 per kg Direct Labor $       3.00 0.40 hour $    7.50 per hour Variable Overhead $      4.00 0.40 hour $    10.0 per hour Fixed Overhead $      4.80 0.40 hour $    12.0 per hour Total $     26.20 *based on practical capacity of 2,500 direct-labor hour per month During December 2020, Henry purchased 30,000 kg of direct material at a total cost of $75,000. The total wages for December were $20,000, 75% of which were for direct labor. Henry manufactured 4,500 units of product during December 2020, using 28,000kg of the direct material purchased in December and 2,100 direct-labor hours. Actual variable and fixed overhead cost were $23,100…