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Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on
Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 6.9 grams 0.90 hours 0.90 hours Standard Price or Rate $ 9.20 per gram $21.20 per hour $ 3.60 per hour The actual output for the period was 3,900 units. The total standard cost per unit is closest to: Multiple Choice $85.80 per unit $84.22 per unit $82.56 per unit $90.70 per unitStep by Step Solution
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