Compute the standard cost of one unit (Learning Objective 3)
Refer to the Watermate Data Set on page 649.
1. Compute the standard predetermined variable manufacturing overhead rate, the standard predetermined fixed manufacturing overhead rate, and the total standard predetermined overhead rate.
2. Compute the standard cost of each of the following inputs: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead.
3. Determine the standard cost of one ceramic bottle.