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Cahaya Company produces product X with the following cost structure: Standard cost per unit: Direct materials RM6 Direct labor (5 hours at RM2 per hour)

Cahaya Company produces product X with the following cost structure:

Standard cost per unit:

Direct materials RM6

Direct labor (5 hours at RM2 per hour) RM10

Production overheads RM8

A total of 8,000 units of product X were actually produced. The budgeted production was estimated to be 7,000 units

Calculate the standard cost of production for Product X and the standard hours produced.

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