Question: - STANDARD COST EXAMFLES a) Developing Standard Cost per Unt Strongwind, Inc. makes a popular mountain bike. The company wants to deweiop standards for material,

- STANDARD COST EXAMFLES a) Developing Standard Cost per Unt Strongwind, Inc. makes a popular mountain bike. The company wants to deweiop standards for material, labour, and manufacturing owerhead. Carbon Fiber is used in the mountain bikes. The standard price for a metre of Carbon Fiber is determined as follows: The standard quantity of Carbon Fiber used in one mountain bike is computed as follows: The standard rate per hour for the expected labour mix is determined by using average wage rates, fringe benefits, and employment taxes as follows: The standard hours required to produce a mountain bike are determined as follows: Strongwind, Inc. applies overhead costs to products on the basis of direct labour hours . The varlable portion of the predetermined overhead rate is $4 per direct labour-hour: the foxed portion is $6 per direct labour-hour. Required; Determine the standard cost for a single mountain bike

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