Actual rate for the period: $ 45 per hour of direct labor

Standard rate for the period: $ 40 per hour of direct labor

INFORMATION NEEDED:
DETERMINED STANDARD UNIT COST
	Cistern	Tank 1	Tank 2	Road Barrier
DIRECT MATERIAL USED
DIRECT LABOR
OVERHEAD (VARIABLE)
OVERHEAD (FIXED)
UNIT STANDARD COST
DETERMINED OVERHEAD RATE
OVERHEAD RATE (VARIABLE)
OVERHEAD RATE (FIXED)

Stage 1. Normal and Standard cost calculation Below, the company presents the actual and standard costs for the first half of 2019. REAL COSTS FOR THE FIRST SEMESTER OF 2019 PER UNIT: INFORMATION FOR THE SETTING OF THE STANDARD COST FOR 2019: QUANTITY OF RAW MATERIAL PER UNIT RAW MATERIAL PRODUCT Tank 1 Cistern Tank 2 Road Barrier DIRECT MATERIAL PRODUCT Tank 1 Cistern Tank 2 Road Barrier Polyethylene without pigment Polyethylene with pigment $ S 5,900.00 $ 1,900.00 $ 420.00 $ 180.00 $ 580.00 $ 340.00 polyethylene without pigment 260.00 $ 90.00 Polyethylene with pigment 60 kgs/un 10 Its 4 kgs/un 2 Its 6.5 kgs/un 3 Its 3 kgs/un 0.5 Its LABOR Actual direct labor hours used pe 16 hrs 3 hrs 4 hrs Polyethylene without pigment Polyethylene with pigment $120.00 $22.00 OVERHEAD Actual rate for the period per hour of direct labor DIRECT LABOR Standard hours per product"" Cistern 15 hrs Tank 1 3.25 hrs Tank 2 5 hrs Road Barrier 0.75 hrs Estimated overhead for 2019 (annual) (Based on 10,000 hours of direct labor) CONCEPT Indirect labor Indirect materials Maintenance and repairs Public services ESTIMATED COST CONCEPT STIMATED COST S 236,000.00 Equipment dep $ 38,000.00 S 89,000.00 Quality assurar $105,000.00 $ 180,000.00 Plant insurance $ 17,000.00 $ 225,000.00 Others $ 10,000.00 FACTORY OVERHEAD Standard rate for the period per hour of direct labor Using the information provided above, calculate the normal and standard unit cost for each product, Prepare a report containing the breakdown of production costs. NOTE: THE COMPANY IMPLEMENTED THE SAME BUDGETED INFORMATION. THEREFORE THE OVERHEAD RATE IS EQUAL