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Jungman Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on
Jungman Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Hours per Unit of Output 7.65 ounces Inputs Direct materials Direct labor Variable manufacturing overhead The company produced 6,100 units of this product in November. a. Total standard cost of one unit b. Standard grams allowed for the actual output c. Standard hours allowed for the actual output 1.25 hours 1.25 hours Required: a. What is the total standard cost of one unit of this product? Note: Round your final answer to 2 decimal places. b. What was the standard ounces allowed for the actual output of this product in November? c. What was the standard hours allowed for the actual output of this product in November? Standard Price or Rate $9.90 per ounce $ 20.00 per hour $ 6.50 per hour
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