The industrial company Standard AS produces a product - A. Production takes place in manufacturing departments 1 and 2.
In addition, the company has a sales and administration department. The company. monthly budgets based on the standard calculation for product A. The standard calculation is set up according to the cost method.

                                                                             budget                                                      accounting

Sale 500 pieces at NOK 1,500	kr 750 000	490 units á kr 1 475	kr 722 750
Inventory change is in progress	0		increase 20 units
Inventory change finished goods	0		reduction 20 units
Direct materials	kr 100 000	3 822 kg á kr 26	kr 99 372
Direct salary in production department 1 (T1)	kr 125 000	1 176 hours á kr 105	kr 123 480
Direct wages in production department 2 (T2)	kr 120 000	1 457 hours á kr 85	kr 123 845
Indirect manufacturing costs in T1
- variable costs	kr 37 500		kr 32 928
- quick costs	kr 62 500		kr 60 000
Indirect manufacturing costs in T2
- variable costs	kr 45 000		kr 46 624
- quick costs	kr 112 500		kr 112 500
Fixed selling and administrative costs	kr 100 000		kr 100 000

 

Standard quantity per unit direct materials (DM) in kg	8.0 kg
Standard purchase price per kilo	kr 25
Standard wage rate in T1	kr 100
Standard wage rate in T2	kr 80

                                                                                                                                                   

The indirect costs in production departments 1 and 2 are calculated with a krone supplement per working hour in T1 and T2.
The sales and administration costs are calculated as a percentage of the production cost of goods sold.
Work in progress is finished in T1, but not started in T2. Direct materials are added in their entirety in T1.

 

Question: Prepare the standard calculation for a unit of product A by using the information above.

 

Direct materials
Direct salary in T1
Direct salary in T2
Indirect manufacturing costs in T1:
- variable costs
- regular expenses
Indirect manufacturing costs in T2:
- variable cost
- regular expenses
Manufacturing cost
Selling and administrative cost
fullcost
profit
Sale price