Fickle Factory Ltd produces unique large ceramic frogs The accountant has collected the following information regarding standard costs Production input Standard cost Direct materials 2 kilos of raw material Each kilo $5 Direct labor 1 hour Direct labor is charged at $10 per hour Variable overhead $...

The answer is 26 Direct Mat ...

Fickle Factory Ltd produces unique large ceramic frogs. The accountant has collected the following information regarding standard

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Fickle Factory Ltd produces unique large ceramic frogs. The accountant has collected the following information regarding standard costs.

Production input	Standard cost
Direct materials	2 kilos of raw material Each kilo = $5
Direct labor	1 hour Direct labor is charged at $10 per hour
Variable overhead	$2 per direct labor hour
Fixed overhead	$4 per frog

Total fixed overhead for the year is estimated to be $80 000.The selling price for each frog is $45.

What is the standard cost for one frog?

Group of answer choices

$20

$22

$26

$24

Related Book For answer-question

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Feb 21, 2022 12:13 AM

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Fickle Factory Ltd produces unique large ceramic frogs. The accountant has collected the following information regarding standard

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Financial Accounting Tools for business decision making

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