Question

Ship Co. produces storage crates that require 33.0 meters of material at $0.10 per meter and 0.25 direct labor hours at $13.00 per hour. Overhead is applied at the rate of $18 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card

Answer 1

the total standard cost is $11.05

Step-by-step explanation:

The computation of the total standard cost is shown below:

= Material cost + labor cost + overhead cost

= 33 × $0.10 + $13 × 0.25 + 0.25 × $18

= $3.3 + $3.25 + $4.5

= $11.05

hence, the total standard cost is $11.05

We simply applied the above formula so that the correct value could come

And, the same is to be considered