Jungman Incorporated has provided the following data concerning one of the products in its standard cost...
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Jungman Incorporated has provided the following data concerning one of the products in its standard cost systern. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Standard Price or Hours per Unit of Output 6.9 ounces 0.50 hours 0.50 hours Rate $8.40 per ounce $ 18.50 per hour $5.00 per hour The company produced 4,600 units of this product in November. Required: What is the total standard cost of one unit of this product? What was the standard ounces allowed for the actual output of this product in November? What was the standard hours allowed for the actual output of this product in November. Jungman Incorporated has provided the following data concerning one of the products in its standard cost systern. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Standard Price or Hours per Unit of Output 6.9 ounces 0.50 hours 0.50 hours Rate $8.40 per ounce $ 18.50 per hour $5.00 per hour The company produced 4,600 units of this product in November. Required: What is the total standard cost of one unit of this product? What was the standard ounces allowed for the actual output of this product in November? What was the standard hours allowed for the actual output of this product in November.
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