Troy will receive $7,500 at the end of Year 2. At the end of the following two years, he will receive $9,000 and $12,500, respec
2 answers:
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Answer and Explanation:
The computation is shown below:
1. The standard cost for each one is as follows
For Direct materials, it is
= 9.6 pounds × $4.55 Per pound
= $43.68
For Direct labour, it is
= 1 hour × $15.80 per hour
= $15.8
For Variable manufacturing overhead, it is
= 1 hour × $3.40 per hour
= $3.40
For Fixed Manufacturing overhead, it is
= 1 hour × $6 per hour
= $6
2. The standard cost of one flower pot is shown below:
= $43.68 + $15.80 + $3.40 + $6
= $68.88
