Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Richard Miller manufactures custom T-shirts. Each T-shirt can be imprinted front and back with photos, company logos or other information. Each T-shirt requires 2 ounces
Richard Miller manufactures custom T-shirts. Each T-shirt can be imprinted front and back with photos, company logos or other information. Each T-shirt requires 2 ounces of ink, 30minutes of direct labor (processing, folding, packaging), and a plastic bag for packaging. The following information is available regarding costs: Short-sleeve T-shirts, 100-pack $380.00 Long-sleeve T-shirts, 100-pack 430.00 Direct labor, per hour 16.00 Ink, 32-ounce bottle 16.00 Plastic bags, 100-pack 8.00 Richard applied overhead at a rate of $9.40 per direct labor hour, and fringe benefits for workers are an additional 30% of wages. What is the standard cost of producing one long-sleeve T-shirt
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started