Sooners, Inc., is an Oklahoma-based company that rebuilds, repairs, and sells kitchen appliances. Recently, the company has been rebuilding high-end kitchen blenders, and you have been asked to determine the total standard cost for a rebuilt blender. You have the following information:
Direct material: 1 new motor, $49.99
1 new base, $14.95
Direct labor: 4 hours at $13.50 per hour
Fixed overhead: 50% of direct labor cost
Variable overhead: 60% of direct labor cost
What do you report is the total standard cost for a rebuilt blender?
