Question

Create a standard cost card for a baseball bat manufactured by BatCo. Please round your final answers to two decimal places. Include details such as direct materials cost, direct labor cost, variable manufacturing overhead cost, and any other relevant components that contribute to the standard cost of producing one baseball bat.

Answer 1

A standard cost card for a baseball bat includes detailed breakdowns of direct materials, direct labor, variable manufacturing overhead, and fixed costs per unit. Calculations for average total cost, average variable cost, and marginal cost use distinct formulas involving total and variable costs divided by quantity produced or by the change in output.

Step-by-step explanation:

Standard Cost Card for a Baseball Bat

To create a standard cost card for a baseball bat manufactured by BatCo, we must consider the direct materials cost, direct labor cost, variable manufacturing overhead cost, and fixed costs involved in production. Although specific amounts aren't provided, typically a standard cost card would detail quantities and costs per unit. The cost card would likely resemble the following:

Fixed Manufacturing Overhead: $X.XX (depreciation on equipment, rent, insurance, etc.)

AVC = Variable Costs / Quantity Produced

MC = Change in Total Costs / Change in Output

Each element of the cost card should be rounded to two decimal places to ensure clarity in costing.