Need help with this general accounting question StormTech Inc. produces advanced weather-resistant fabrics. Thestandard cost card for one unit of a finished fabric shows the following:Standard Quantity or HoursDirect materials = 8 poundsDirect Labor = 3 hoursStandard Price or Rate$? per pound$18 per hourVariable Manufacturing Overhead = 2 hours $12 per hourIf the total standard variable cost for one unit of finished fabric is $95,then what is the standard price per pound for direct materials?

Step 1: Definition of Standard Variable CostStandard variable cost refers to the estimated cost of…

Answered: StormTech Inc. produces advanced…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5EA: Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost...

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Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. Using the costs data from Rose Company, answer the following questions: A. If 15,000 units are produced, what is the variable cost per unit? B. If 28,000 units are produced, what is the variable cost per unit? C. If 21,000 units are produced, what are the total variable costs? D. If 29,000 units are produced, what are the total variable costs? E. If 17,000 units are produced, what are the total manufacturing overhead costs incurred? F. If 23,000 units are produced, what are the total manufacturing overhead costs incurred? G. If 30,000 units are produced, what are the per unit manufacturing overhead costs incurred? H. If 15,000 units are produced, what are the per unit manufacturing overhead costs incurred?
What would the unit selling price be ?
SteelMax produces metal containers that require 2.5 meters of material at $1.20 per meter and 0.3 direct labor hours at $18.00 per hour. Overhead is assigned at the rate of $12 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card? correct answer
What would the unit selling price be ? General accounting
A manufacturer produces a product known as Symphony X. The company uses a standard costing system and provides you with the following information: Direct materials required to produce one unit of Symphony X: 9.5 KG Standard cost of direct materials: £50 /KG Normal wastage while producing two units of Symphony X: 2.5 KG per Unit Based on the above information, what is the standard direct materials cost per unit of Symphony X? Choose one from the following: A. £475.00 B. £350.00 C. £537.50 D. £575.50
SteelMax produces metal containers that require 2.5 meters of material at $1.20 per meter and 0.3 direct labor hours at $18.00 per hour. Overhead is assigned at the rate of $12 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
solution want. General account
What are the fixed overhead costs of making the component?
Blair Designs has three different designs. Use the information below to determine which product should be emphasized given the limited resource of time. Round answers to the nearest cent. Solid Patterned Print Unit selling price $ 150 $ 210 $ 240 Unit variable cost 80 95 100 Unit contribution margin $ 70 $ 115 $ 140 Stitching process hours per unit 1.00 1.70 1.80
Standard absorption cost per unit A cost analyst for Stamper Manufacturing Co. has assembled the following data about the Model 24 stamp pad: The piece of sheet metal from which eight pad cases can be made costs $0.14. This amount is based on the number of sheets in a 3,000-pound bundle of sheet metal, which is the usual purchase quantity. The foam pad that is put in the case costs $0.02, based on the number of pads that can be cut from a large roll of foam. Production standards, based on engineering analysis recognizing attainable performance, provide for the manufacture of 1,800 pads by two workers in an eight-hour shift. The standard direct labor pay rate is $11 per hour. Manufacturing overhead is applied to units produced using a predetermined overhead application rate of $16 per direct labor hour, of which $7 per hour is fixed manufacturing overhead.Required:a. Calculate the standard absorption cost of a package of 12 stamp pads.b. Stamper Manufacturing Co.’s management is…
Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $10.50; direct labor, $24.50, and incremental overhead, $9.30. An outside supplier has offered to sell the product to Wheeler for $47.60. Compute the net incremental cost or savings of buying.
A known manufacturing company has estimated the ff. Component for a new product. Fixed cost= 50,000 Material cost per unit= 2.15 Labor cost per unit = 2 Revenue per unit= 7.50 Vary the production volume from 0 to 100,000 in increments of 10,000. The five different material costs are 1.50,1.95,2.15,2.85 and 3.25. Using the spreadsheet model, what will be the resulting profit if the company decides to make 70,000 units of the new product. Choices: A.623,018 B.176,400 C.45,705 D.No choice given E.138,430

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