{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T23:00:10-04:00", "answer_date": "2024-05-26 23:00:10", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1763956", "url": "\/study-help\/questions\/antuan-company-set-the-following-standard-costs-per-unit-for-1763956", "question_creation_date_js": "2024-05-26T23:00:10-04:00", "question_creation_date": "May 26, 2024 11:00 PM", "meta_title": "[Solved] Antuan Company set the following standard | SolutionInn", "meta_description": "Answer of - Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds @ $6.00 per pou | SolutionInn", "meta_keywords": "antuan,company,set,standard,costs,per,unit,product,direct,materials,4.0,pounds", "question_title_h1": " Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds @ $6.00 per pound) Direct labor (1.8 hours", "question_title": " Antuan Company set the following standard costs per unit for its", "question_title_for_js_snippet": "Antuan Company set the following standard costs per unit for its product Direct materials (4 0 pounds $6 00 per pound) Direct labor (1 8 hours $11 00 per hour) Overhead (1 8 hours $18 50 per hour) Standard cost per unit $ 24 00 19 80 33 30 $ 77 10 The standard overhead rate ($18 50 per direct labor hour) is based on a predicted activity level of 75 of the factory's capacity of 20,000 units per month Following are the company's budgeted overhead costs per month at the 75 capacity level Overhead Budget (75 Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation Building Depreciation Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs $ 15,000 75,000 15,000 30,000 135,000 24,000 72,000 17,000 251,500 364,500 $ 499,500 The company incurred the following actual costs when it operated at 75 of capacity in October Direct materials (61,000 pounds $6 10 per pound) Direct labor (22,000 hours $11 20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation Building Depreciation Machinery Taxes and insurance Supervisory salaries Total costs $ 41,600 176,450 17,250 34,500 24,000 97,200 15,300 251,500 $ 372,100 246,400 657,800 $ 1,276,300", "question_description": "\"image\"image", "transcribed_text": "Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds @ $6.00 per pound) Direct labor (1.8 hours @ $11.00 per hour) Overhead (1.8 hours @ $18.50 per hour) Standard cost per unit $ 24.00 19.80 33.30 $ 77.10 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs $ 15,000 75,000 15,000 30,000 135,000 24,000 72,000 17,000 251,500 364,500 $ 499,500 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds @ $6.10 per pound) Direct labor (22,000 hours @ $11.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,600 176,450 17,250 34,500 24,000 97,200 15,300 251,500 $ 372,100 246,400 657,800 $ 1,276,300", "related_book": { "title": "Fundamental Accounting Principles", "isbn": "1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870", "edition": "20th Edition", "authors": "John J. Wild, Ken W. Shaw, Barbara Chiappetta", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/202.jpg", "uri": "\/textbooks\/fundamental-accounting-principle-20th-edition-202", "see_more_uri": "\/textbooks\/business-quality-management-3407" }, "free_related_book": { "isbn": "3030520080", "uri": "\/textbooks\/statistical-thermodynamics-for-pure-and-applied-sciences-statistical-thermodynamics-1st-edition-978-3030520083-135988", "name": "Statistical Thermodynamics For Pure And Applied Sciences Statistical Thermodynamics", "edition": "1st Edition" }, "question_posted": "2024-05-26 23:00:10", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/oracle\/which-properties-of-the-clean-annotation-must-be-true-for-1278443", "description": "Which properties of the Clean annotation must be true for the following to compile? 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