Question: Using the following standard quantities and standard rates, calculate the standard costs of direct materials, direct labor, and variable and fixed manufacturing overhead, and determine

Using the following standard quantities and standard rates, calculate the standard costs of direct materials, direct labor, and variable and fixed manufacturing overhead, and determine the total standard cost perunit.

Standard Standard Quantity Price or Rate 4 pounds 2.5 hours 2.5 hours 2.5 hours Direct materials Direct labor. Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (based on direct labor hours) S 1.25 15.00 1.70 0.50

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