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8. Fickle Factory Ltd produces unique large ceramic frogs. The accountant has collected the following information regarding standard costs. Production input Direct materials Standard cost

image text in transcribed 8. Fickle Factory Ltd produces unique large ceramic frogs. The accountant has collected the following information regarding standard costs. Production input Direct materials Standard cost 2 kilos of raw material Direct labour Each kilo = $5 1 hour Direct labour is charged at $10 per hour Variable overhead $2 per direct labour hour Fixed overhead $4 per frog Total fixed overhead for the year is estimated to be $80 000. The selling price for each frog is $45. Calculate the standard cost for one frog. a. $24 b. $22 *c. $26 d. $20 3

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