Question: question. 1 3 points Binz's standard quantities for 1 unit of product include 2 . 0 pounds of materials and 2 . 7 labor hours.

 question. 13 points Binz's standard quantities for 1 unit of product

question.
13 points
Binz's standard quantities for 1 unit of product include 2.0 pounds of materials and 2.7 labor hours. The standard rates are $1.8 per pound and $25 per hour. The standard overhead rate is $6 per direct labor hour. What is the total standard cost of Binz's product? Round to two decimal places. Do not enter the dollar sign.
Type your answer...
include 2.0 pounds of materials and 2.7 labor hours. The standard rates

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!