Earthern Ware Products is a manufacturer of large flower pots for urban settings. The company has these standards:

Requirements

1.

Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead.

2.

Determine the standard cost of one flower pot.

Direct materials (resin) . . . . . . . . . . . . . . . . . . . . . .	11 pounds per pot, at a cost of $3.00 per pound
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1.6 hours at a cost of $16.50 per hour
Standard variable manufacturing overhead rate . . . .	$3.50 per direct labor hour
Predetermined fixed manufacturing overhead rate . .	$7.75 per direct labor hour

Earthern Ware allocates variable and fixed manufacturing overhead to production based on standard direct labor hours.