Calculate the Cost Summary (the standard quantity x standard cost per unit) for the plastic-coated copper wire (direct material).

Calculate the Cost Summary (the standard quantity x standard cost per unit) for the plastic material(direct material).

Calculate the Cost Summary (the standard quantity x standard cost per unit) for the Assembly department (Direct Labor)

Calculate the Cost Summary (the standard quantity x standard cost per unit) for the Finishing Department (Direct Labor).

Calculate the Cost Summary (the standard quantity x standard cost per unit) for the variable overhead (Manufacturing Overhead)

Calculate the Cost Summary (the standard quantity x standard cost per unit) for the Fixed Overhead (Manufacturing Overhead).

What is the total standard cost for one switch?

Triple Switch produces switches for under cabinet lighting. A cost study for one switch has produced the following results: Plastic coated wire: 16 feet Plastic forming material: .5 pounds Plastic coated wire can be purchased from Wire Arena (the preferred vendor) for $2.50 per foot. Plastic forming material can be purchased from Wrap Around, Inc. (the preferred vendor) for $20 per pound. In the assembly department, direct labor is paid at a rate of $27 per hour. Each switch uses 3.5 hours of assembly labor. In the finishing department, direcdt labor is paid at a rate of $29 per hour. Each switch uses 2 hours of finishing labor. Variable overhead is determined to be $14.90 per labor hour and fixed overhead is $15.60 per hour. Overhead is applied using labor hours