Grand Ceramics

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

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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.

Requirement 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. (Round your answers to the nearest cent.)

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x

=

Standard cost of input

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Direct materials

pound

x

per pound

=

Direct labor

hours

x

per hour

=

Variable manufacturing overhead

hours

x

per hour

=

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Fixed manufacturing overhead

hours

x

per hour

=

Requirement 2. Determine the standard cost of one flower pot. (Round your answer to the nearest cent.)

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The standard cost of one flower pot is $

.

Choose from any list or enter any number in the input fields and then continue to the next question.

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Data Table

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Direct materials (resin) . . . . . . . . . . . . . . . . . . . . . . . . .	9.6 pounds per pot, at a cost of $3.75 per pound
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2.6 hours at a cost of $15.75 per hour
Standard variable manufacturing overhead rate . . . . .	$2.75 per direct labor hour
Predetermined fixed manufacturing overhead rate . . .	$7.15 per direct labor hour

Grand CeramicsGrand Ceramics

allocates fixed manufacturing overhead to production based on standard direct labor hours.