Question
Use the information provided to create a standard cost card for the production of one glove box switch. To make one switch it takes 15
Use the information provided to create a standard cost card for the production of one glove box switch. To make one switch it takes 15 feet of plastic-coated copper wire and 0.4 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.4 hours. These workers are paid $28.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $30.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.80 per labor hour. The fixed overhead rate is $15.50 per hour. Round your answer to two decimal places.
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