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Mickey's Shirts is planning on producing 40,000 t-shirts in the year. Each t-shirt requires .60 metres of material at $4. per metre and .15 hour

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Mickey's Shirts is planning on producing 40,000 t-shirts in the year. Each t-shirt requires .60 metres of material at $4. per metre and .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 meters of direct materials required to produce 40,000 t-shirts: : metres b) Total direct materials costs to produce 40,000 t-shirts: : $ c) Total direct labour hours required to produce 40,000 t-shirts: hours d) Total direct labour costs to produce 40,000 t-shirts: : $ e) Total manufacturing overhead applied in the production of 40,000 t-shirts: : $ Now calculate the following standard costs per t-shirt (per unit) f) Direct material cost per t-shirt: $ per t-shirt g) Direct labour cost per t-shirt: $ per t-shirt h) Manufacturing overhead cost per t-shirt: $ per t-shirt i) Standard cost of one unit of product: $ per t-shirt

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