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ira [324]
3 years ago
7

ShipCo. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per h

our. 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 a standard cost card? a. $25.02. b. $11.52. c. $2.40. d. $2.52. e. $3.42.
Business
2 answers:
kiruha [24]3 years ago
5 0

Answer:

The correct answer is E.

Explanation:

Giving the following information:

ShipCo. 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 assigned at the rate of $9 per direct labor hour.

Direct material= 1.2*0.85= $1.02

Direct labor= 0.1*15= $1.5

Overhead= 0.1*9= $0.9

Total= $3.42

Nana76 [90]3 years ago
3 0

Answer:

E. $3.42

Explanation:

Standard cost is the charge/cost to be budgeted to be incurred on a process, unit or manufacturing activity based on reliable estimates. The standard cost is usually compared with the actual cost after production has taken place.

It comprises of:

Direct material Cost : The standard quantity/unit of material to be used at a standard price.

Direct Labor Cost: The standard hours to be utilised at the standard rate for labour.

Overhead Cost: The estimated overhead fixed overhead charge and the variable overhead rate and the number of hours for applying the fixed and variable overhead rate.

Calculation

Material Cost = 1.2metres × $0.85 = $1.02

Labour Cost = 0.1 × $15 = $1.5

Overhead Cost = 0.1 × $9 = $0.90

Total Standard Cost = $[1.02 + 1.5 + 0.90] = $3.42

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kakasveta [241]

Answer:

The answer is: Projected net sales for this year are $45,254

Explanation:

The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).

Next year their products will have a $10 increase (10%), so the unit price will be $110.

Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.

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MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)

6 0
3 years ago
Patagonia donates at least 1% of profits to support environmental causes. There products are also produced under safe, fair, leg
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Corporate social responsibility occurs when organizations contribute to societal goals by supporting practices that are ethically oriented and have a positive effect on the economy.

Since Patagonia donates at least 1% of profits to support environmental causes and is contributing positively to the economy, then Patagonia is practicing corporate social responsibility practices.

6 0
2 years ago
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Answer:

$109,000

Explanation:

The accounting equation for the cost of goods sold

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beginning finished inventory =$40,000

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Ending finished inventory = $ 45,000

cost of  manufacturing for the period:

=$40,000 +$114,000- $45,000

=$109,000

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I hope it's helpful!

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3 years ago
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