ShipCo. produces storage crates that require 1.2 meters of material at $0.85 per meter and 0.1 direct labor hours at $15.00 per hour.Overhead is assigned at the rate of $9 per direct labor hour. What is the total standard cost for one unit of product that would appear on astandard cost card?a. $25.02.b. $11.52.c. $2.40.d. $2.52.e. $3.42.

To calculate the total standard cost for one unit of product, we need to sum the costs of materials,…

Answered: ShipCo. produces storage crates that…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Ship Co. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per hour. Overhead is applied at the rate of $9 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
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