Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Stefani Compary has gathered the following information about its product. Direct moterials. Each unit of product contains 4.50 pounds of materials. The average waste and
Stefani Compary has gathered the following information about its product. Direct moterials. Each unit of product contains 4.50 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.50 pounds, Materials cost $3 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.70 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Stefani's employees is $13.10 . Payroll taxes and fringe benefits are an additional $3.40 per hour. Manufacturing overheod. Overhead is applied at a rate of $4.50 per direct labor hour. Compute Stefani's total standard cost per unit. (Round answer to 2 decimal ploces eg. 1.25) Total standard cost per unit
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667afdbcdab7d_380667afdbcd4bc4.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started