Question: You are tasked with finding a standard cost for a new shirt for Nike. Nike plans to produce 1,000,000 of these shirts. It takes

You are tasked with finding a standard cost for a new shirt

for Nike. Nike plans to produce 1,000,000 of these shirts. It takes 3.5 sq ft of fabric, 2 yds of thread, 2 sq in

You are tasked with finding a standard cost for a new shirt for Nike. Nike plans to produce 1,000,000 of these shirts. It takes 3.5 sq ft of fabric, 2 yds of thread, 2 sq in of labeling, and one logo to to produce one shirt. There was also a design team of 3 members that each put in 50 days to design the shirt (Assume their salarydistribution is based on design days/Total days per year). These shirts can be assembled by 4 people Type Cost Unit Materials Fabric S Thread $ Label $ Logo $ Design Team (3 members) $ Direct Labor S Lebron's Endorsement S Running Machines Shipping S $ 0.40 per sq ft 0.05 per yard 0.30 per sq in 1.00 per logo 65,000.00 annual salary per person 20.00 per hour 100,000.00 flat rate 800.00 per hour 10,000.00 per truck What is the standard cost for one shirt based on the spreadsheet? What is the total cost of materials for one shirt?

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