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The standard cost card for the single product manufactured by Cutter, Inc., is given below: Standard Cost Card per Unit Direct materials, 5.5 yards at
The standard cost card for the single product manufactured by Cutter, Inc., is given below: Standard Cost Card per Unit Direct materials, 5.5 yards at $2.00 per yard 11.00 Direct labor, .9 hours at $15.00 per hour 13.50 Variable overhead, .9 hours at $2.00 per hour 1.80 5.67 Fixed overhead, .9 hours at $6.30 per hour Total standard cost per unit 31.97 Manufacturing overhead is applied to production on the basis of standard direct labor-hours. During the year, the company worked 11,000 hours and manufactured 12,000 units of product. Selected data relating to the company's fixed manufacturing overhead cost for the year are shown below: Fixed Overhead Actual Fixed Applied to Budgeted Fixed Overhead Overhead Work in Process hours x per hour $61,000 Budget variance, Volume variance, $8,190 F Required 1. What were the standard hours allowed for the year's production? (Round "Standard hours per unit" to 1 decimal place.) Standard-hours Total produced last year units Standard hours per unit DLH per unit Standard-hours
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