Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 24-03 (video) concord company has gathere

Exercise 24-03 (Video) Concord Company has gathered the following information about its product. Direct materials:...

80.2K

Verified Solution

Question

Accounting

image

Exercise 24-03 (Video) Concord 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 0.80 pounds. Materials cost $2 per pound, but Concord always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 2.10 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly pay rate of Concord's employees is $13.20. Payroll taxes and fringe benefits are an additional $2.20 per hour. Manufacturing overhead. Overhead is applied at a rate of $4.80 per direct labor hour. Compute Concord's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per units

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

ALL WITH EXPLANATIONS please :) 12. Consider the following reaction: 2SO2(g)  +  O2(g)  ⇄  2SO3(g)   +E             Which of the following will not shift...

Civil Engineering
1.2K views

How does the toughness of road aggregates differ from their compressive strength? Can you write a...

Medical Sciences
1.2K views

if a ventilated patient has inspiratory effort but the ventilator doesn't respond, what can be the...

Biology
1.2K views

10 Electrophoresis gels containing polyacrylamide and SDS are most often be used to A affinity...

Physics
1.2K views

4 1 Putting a dielectric substance between two plates 6 of an isolated condenser capacity...

Physics
1.2K views

aps A particle is moving in a three dimensional potential F 1 5 2 nd...

Basic Math
1.2K views

3 Claim 1 Example Consider A C this right triangle SEP 15 12 B Enter...

Basic Math
1.2K views

Use the quadratic formula to solve for x.2x+x-9=0(If there is more than one solution, separate...

Algebra
1.2K views

6 points Give the equation of any vertical horizontal or oblique asymptotes for the graph...

Algebra
1.2K views

Let f x z 1 g x 7 3x x2 and h x 2x 1...

Algebra
1.2K views

Write in logarithmic form 5 25 What is the equivalent logarithmic form log Simplify your...

Accounting
1.2K views

Uwagba Trading recorded total sales of 280,000 in June 2021. The total expenses (including raw...