Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH Standard price or rate Standard cost per unit
Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH Standard price or rate Standard cost per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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BatCo makes baseball bats. Each bat requires 1.00 pounds of wood at $18 per pound and 0.35 direct labor hour at $30 per hour.
![Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.)
Standard cost
per unit
Inputs
Direct materials
Direct labor
Overhead
Standard quantity or hours
pounds
DLH
DLH
Standard price
or rate](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d6edaa4-d1ce-4d58-bf51-a0a800b7f344%2Fd0325b76-7f9a-4a8a-97bc-03d4fe578f52%2F0f2i35e_processed.png&w=3840&q=75)
Transcribed Image Text:Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.)
Standard cost
per unit
Inputs
Direct materials
Direct labor
Overhead
Standard quantity or hours
pounds
DLH
DLH
Standard price
or rate
![Assume the actual cost to manufacture 150 bats is $8,625.00. Compute the total cost variance and Identify it as favorable or
unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no varlance.)
Actual cost
Budgeted standard cost
Total cost variance
$
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d6edaa4-d1ce-4d58-bf51-a0a800b7f344%2Fd0325b76-7f9a-4a8a-97bc-03d4fe578f52%2F1a0g3od_processed.png&w=3840&q=75)
Transcribed Image Text:Assume the actual cost to manufacture 150 bats is $8,625.00. Compute the total cost variance and Identify it as favorable or
unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no varlance.)
Actual cost
Budgeted standard cost
Total cost variance
$
0
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