What is the standard cost per output unit The standard material cost per kg of raw material is $6.40.The standard material allowed per unit is 4.2 Kg. The actualmaterial used per unit is 4.5 Kg. The actual cost per kg is$5.90.What is the standard cost per output unit?

Concept of Standard Material CostStandard Material Cost refers to the pre-determined cost a company…

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Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2DQ: Which of the following costs would be classified as variable and which would be classified as fixed,...

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What is the standard cost per output unit

The standard material cost per kg of raw material is $6.40.
The standard material allowed per unit is 4.2 Kg. The actual
material used per unit is 4.5 Kg. The actual cost per kg is
$5.90.
What is the standard cost per output unit?

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

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