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STANDARD: DIRECT MATERIAL: Each unit requires 8 pounds of material DIRECT LABOR: Each unit requires 3 hours of direct labor Standard cost per pound =
STANDARD: DIRECT MATERIAL: Each unit requires 8 pounds of material DIRECT LABOR: Each unit requires 3 hours of direct labor Standard cost per pound = $2.50 Standard labor rate per hour = $10 Planned Output = 1500 units Budgeted Manufacturing Overhead per period = $33,000 + 2X, where X = machine hours (Each unit produced requires 4 hours of machine time)
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