Multiple Choice$26.08.$22.75.$40.08.Cannot be determined from the information provided. The following standard cost card is provided for Navid Company's Product A:Direct material (3 lbs. @ $3.00 per lb.)Direct labor (2 hr @ $8.00 per hr.)Variable overhead (2 hr. @ $3.00 per hr.)Fixed overhead (1 hr. @ $3.00 per hr.)$ 9.0016.006.003.00Total standard cost per unit$34.00The fixed overhead rate is based on total budgeted fixed overhead of $12,000. During the period, the company produced and sold 5,600 units at thefollowing costs:Direct material 12,200 pounds @ $2.50 per poundDirect labor 5,350 hours @ $16.00 per hourOverhead $29,940The standard manufacturing cost per unit is $34.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations.)

CALCULATION PARTICULAR WORKING AMOUNT A Direct Material 12200*2.5 30500 B Direct…

Answered: Multiple Choice $26.08. $22.75. $40.08.…

Business

Accounting

Multiple Choice $26.08. $22.75. $40.08. Cannot be determined from the information provided.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Multiple Choice
$26.08.
$22.75.
$40.08.
Cannot be determined from the information provided.

The following standard cost card is provided for Navid Company's Product A:
Direct material (3 lbs. @ $3.00 per lb.)
Direct labor (2 hr @ $8.00 per hr.)
Variable overhead (2 hr. @ $3.00 per hr.)
Fixed overhead (1 hr. @ $3.00 per hr.)
$ 9.00
16.00
6.00
3.00
Total standard cost per unit
$34.00
The fixed overhead rate is based on total budgeted fixed overhead of $12,000. During the period, the company produced and sold 5,600 units at the
following costs:
Direct material 12,200 pounds @ $2.50 per pound
Direct labor 5,350 hours @ $16.00 per hour
Overhead $29,940
The standard manufacturing cost per unit is $34.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations.)

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