Question

Larkin Company accumulated the following standard cost data concerning product I-Tal.

Direct materials per unit: 2.10 pounds at $6.36 per pound
Direct labor per unit: 5.26 hours at $10 per hour
Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $19.00 per direct labor hour
Compute the standard cost of one unit of product I-Tal. (Round answer to 2 decimal places, e.g. 2.75.)Standard cost _____ $

Answer 1

Answer:

$165.90

Explanation:

The computation of the standard cost of one unit of product is shown below:

Direct material per unit = 2.10 pounds × $6.36 per pound = $13.36

Direct labor per unit = 5.26 hours × $10 per hour = $52.6

Manufacturing overhead per unit = 5.26 hours × $19 per direct labor hour = $99.94

The total would be $165.90 which reflect the standard cost of one unit of product I-Tal