Flandro Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The follow
1 answer:
The Direct Materials standard cost is $13.20
The Direct Labor standard cost is $12.00
The Variable Manufacturing Overhead standard cost is $5.00
The Fixed manufacturing overhead standard cost is $11.80
Standard cost per unit- $ 42.00
The solution is in tabular form which is attached with this answer.
What is Standard Cost ?
A standard cost is described as a predetermined value, an estimated future cost, an expected cost, a budgeted unit value, a forecast cost, or as the "should be" cost. trendy expenses are frequently an critical part of a manufacturer's annual profit plan and operating budgets.
when standard prices are used in a manufacturing setting, a product's standard cost for a future accounting period will consist of the following:
- Direct substances: a standard quantity of every material and a standard cost in keeping with unit of material
- Direct labor: a standard quantity of labor and a standard cost in step with hour of labor production overhead: a price range for the fixed overhead, the standard variable overhead rate, and the usual quantity for applying a set and variable overhead rates
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Answer:
Part (a)
Buying of land would be smart thought if the net present estimation of advantage is at any rate equal to or more prominent than the present estimation of cost of land.
Net present estimation of land =
= $1,825,592.54
The expense of land is anyway $2,000,000. The net present expense of land is more noteworthy than the advantages. Subsequently it isn't a good thought to purchase the land.
Part (b)
The maximum sum that ought to be paid ought to be equivalent to the net present estimation of advantages, for example $1,825,592.54.
Part (c)
If the entertainment benefits increment by 3 years then the net present estimation of advantages for a long time would be:
=
=$3088535.28
The land should be purchased since the present estimation of advantages is more prominent than cost.