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Purchase price of plastic Freight charges from the supplier's warehouse Receiving and handling charges Purchase discount 2.00 0.25 0.05 0.10 The standard quantity of raw
Purchase price of plastic Freight charges from the supplier's warehouse Receiving and handling charges Purchase discount 2.00 0.25 0.05 0.10 The standard quantity of raw material that should be used to manufacture one vintage toy car is given below. Raw materials requirement (in kg) Allowance for waste and spoilage (in kg) Allowance for rejects (in kg) 2.45 0.20 0.10 The standard time taken to manufacture one vintage toy car and the standard rate per hour of direct labour are given below. Basic wage rate per hour Employment taxes Fringe benefits Basic labour time per unit (in hours) Allowance for breaks and personal needs (in hours) Allowance for clean-up and machine downtime (in hours) Allowance for rejects (in hours) 8.00 % of basic 5 rate % of basic 10 rate 0.75 0.10 0.25 0.30 2. Calculate the total standard cost per vintage toy car manufactured. Assume Sitrine Enterprises Ltd incurs variable manufacturing overhead cost in addition to the direct material cost and the direct labour cost. The variable portion of the predetermined overhead rate is 2.50 per direct labour hour. (Round your answer to 2 decimal places. Do not round intermediate calculations.) Total standard cost per vintage toy car
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