Lulu Lemon Pants is planning on producing 40,000 pants in the year. Each pant requires 0.60 metres of material at $4 per metre and 0.15 hour of direct labour at $18 per hour. Overhead is applied at the rate of $8 per direct labour hour.

Calculate the following budgeted costs:

a) Total metres of direct materials required to produce 40,000 pants: Answer metres

b) Total direct material cost to produce 40,000 pants: $ Answer

c) Total direct labour hours required to produce 40,000 pants: Answer hours

d) Total direct labour cost to produce 40,000 pants: $ Answer

e) Total manufacturing overhead cost applied in the production of 40,000 pants: $ Answer

Now calculate the following standard costs per pants (per unit):

f) Direct material cost per t-shirt: $ Answer per pants

g) Direct labour cost per t-shirt: $ Answer per pants

h) Manufacturing overhead cost per t-shirt: $ Answer per pants

i) Standard cost of one unit of product: $ Answer per pants