Question
In: Accounting
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.20
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.10 pounds. Materials cost $1
per pound, but Stefani always takes the 1.00% cash discount all of
its suppliers offer. Freight costs average $0.40 per pound.
Direct labor. Each unit requires 2.90 hours of labor.
Setup, cleanup, and downtime average 0.20 hours per unit. The
average hourly pay rate of Stefani’s employees is $10.20. Payroll
taxes and fringe benefits are an additional $3.70 per hour.
Manufacturing overhead. Overhead is applied at a rate of
$4.90 per direct labor hour.
Compute Stefani’s total standard cost per unit. (Round
answer to 2 decimal places, e.g. 1.25.)
| Total standard cost per unit | $enter the total standard cost per unit rounded to 2 decimal places |
Please point out the final answers!
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its
product. Direct materials: Each unit of product contains 3.90
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.20 pounds. Materials cost $ 2
per pound, but Stefani always takes the 1.00 % cash discount all of
its suppliers offer. Freight costs average $ 0.45 per pound. Direct
labor. Each unit requires 2.60 hours of labor. Setup, cleanup, and
downtime average 0.20 hours per unit....
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its
product. Direct materials: Each unit of product contains 4.20
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.70 pounds. Materials cost $1
per pound, but Stefani always takes the 2.00% cash discount all of
its suppliers offer. Freight costs average $0.45 per pound. Direct
labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and
downtime average 0.20 hours per unit. The average hourly...
The Parton Company has gathered the following information for a unit of it's most popular product:...
The Parton Company has gathered the following information for a
unit of it's most popular product:
Direct Materials: $20
Direct Labor: $15
Overhead (60% variable): $20
Cost to Manufacture: $55
The above cost information is based on 10,000 units. Parton
currently sells 8,500 units for $62 per unit. A distributor has
offered to buy 1,000 units at a price of $50 per uni. This special
order would not disturb regular sales.
Required:
A) Calculate Parton's change in operating profits if...
King Company has provided the following average cost per unit information: Direct materials $ 12.00 Direct...
King Company has provided the following average cost per unit
information: Direct materials $ 12.00 Direct labor $ 8.00 Variable
manufacturing overhead $ 1.00 Fixed manufacturing overhead $ 7.00
Fixed selling expenses $ 3.00 Fixed administrative expenses $ 6.00
Sales commissions $ 2.00 Variable administrative expenses $ 1.00
Total fixed selling expenses are allocated as follows: $40,000 on
promotions and the remainder on sales salaries If King Company uses
sales representatives as the cost object and sells 30,000 units,
direct...
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0...
Antuan Company set the following standard costs for one unit of
its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) $ 20.00
Direct labor (1.9 hrs. @ $12.00 per hr.) 22.80 Overhead (1.9 hrs. @
$18.50 per hr.) 35.15 Total standard cost $ 77.95 The predetermined
overhead rate ($18.50 per direct labor hour) is based on an
expected volume of 75% of the factory’s capacity of 20,000 units
per month. Following are the company’s budgeted overhead costs per
month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0...
Antuan Company set the following standard costs for one unit of
its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) $ 20.00
Direct labor (1.9 hrs. @ $12.00 per hr.) 22.80 Overhead (1.9 hrs. @
$18.50 per hr.) 35.15 Total standard cost $ 77.95 The predetermined
overhead rate ($18.50 per direct labor hour) is based on an
expected volume of 75% of the factory’s capacity of 20,000 units
per month. Following are the company’s budgeted overhead costs per
month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (3.0 Ibs. @
$5.00 per Ib.)
$
15.00
Direct labor (1.9 hrs. @ $12.00
per hr.)
22.80
Overhead (1.9 hrs. @ $18.50 per
hr.)
35.15
Total standard cost
$
72.95
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (4.0 Ibs. @ $5.00 per Ib.)
$
20.00
Direct labor (1.7 hrs. @ $12.00 per hr.)
20.40
Overhead (1.7 hrs. @ $18.50 per hr.)
31.45
Total standard cost
$
71.85
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (4.0 Ibs. @
$4.00 per Ib.)
$
16.00
Direct labor (2.0 hrs. @ $12.00
per hr.)
24.00
Overhead (2.0 hrs. @ $18.50 per
hr.)
37.00
Total standard cost
$
77.00
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
14- Antuan Company set the following standard costs for one unit of its product. Direct materials...
14-
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (4.0 Ibs. @ $6.00 per Ib.)
$
24.00
Direct labor (1.9 hrs. @ $13.00 per hr.)
24.70
Overhead (1.9 hrs. @ $18.50 per hr.)
35.15
Total standard cost
$
83.85
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per...
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