Lacrue Incorporated has provided the following data concerning one of the products in its standard cost system.
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Lacrue Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs | Standard Quantity or Hours per Unit of Output | Standard Price or Rate | ||
---|---|---|---|---|
Direct materials | 6.3 | ounces | $ 5.50 | per ounce |
Direct labor | 0.40 | hours | $ 22.00 | per hour |
Variable manufacturing overhead | 0.40 | hours | $ 3.80 | per hour |
The actual output for the period was 3,700 units.
The total standard cost per unit is closest to:
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date: