Question
Larkin Company accumulated the following standard cost data concerning product I-Tal. Direct materials per unit: 2.40 pounds at $8.00 per pound Direct labor per unit:
Larkin Company accumulated the following standard cost data concerning product I-Tal.
| Direct materials per unit: 2.40 pounds at $8.00 per pound |
| Direct labor per unit: 6.46 hours at $14 per hour |
| Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $14.00 per direct labor hour |
Compute the standard cost of one unit of product I-Tal.
| Standard cost | $ |
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
