Question

Compute the standard cost for one hat, based on the following standards for each that:_______. Standard material: 3/4 yard of fabric at $5.00 per yard Standard labor: 2 hours at $5.75 per hour Factory overhead: $3.20 per direct labor hourRound your answer to two decimal places. Total standard cost $______

Answer 1

$21.65

Step-by-step explanation:

Computation for the Total standard cost

Using this formula

Total standard cost = Material cost + Labor cost + Overhead cost

Let plug in the formula

Total standard cost = 3/4*5 + 2*5.75 + 3.2*2

Total standard cost= $21.65

Therefore the Total standard cost will be $21.65