Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Donna Company has gathered the following information about its product. Direct materials : Each unit of product contains 3.1 pounds of materials. The average waste

Donna Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.1 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.9 pounds. Materials cost $ 2 per pound, but Donna always takes the 4% cash discount all of its suppliers offer. Freight costs average $ 0.45 per pound. Direct labor. Each unit requires 1.3 hours of labor. Setup, cleanup, and downtime average 0.2 hours per unit. The average hourly pay rate of Donnas employees is $ 12.5. Payroll taxes and fringe benefits are an additional $ 2.4 per hour. Manufacturing overhead. Overhead is applied at a rate of $ 7.2 per direct labor hour. Compute Donnas total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.)

Total standard cost per unit $ enter the total standard cost per unit in dollars rounded to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2020

Authors: Jeanette Landin

6th Edition

1260247961, 9781260247961

More Books

Students also viewed these Accounting questions

Question

2. What appeals processes are open to this person?

Answered: 1 week ago

Question

4. How would you deal with the store manager?

Answered: 1 week ago