Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kimm company has gathered the following informatio

Kimm Company has gathered the following information about its product. Direct materials. Each unit of...

80.2K

Verified Solution

Question

Accounting

Kimm 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 $4 per pound, but Kimm always takes the 4.52% cash discount all of its suppliers offer. Freight costs average $0.38 per pound. Direct labor. Each unit requires 2.50 hours of labor. Setup, cleanup, and downtime average 0.14 hours per unit. The average hourly pay rate of Kimms employees is $10.50. Payroll taxes and fringe benefits are an additional $2.10 per hour. Manufacturing overhead. Overhead is applied at a rate of $5.20 per direct labor hour.

Compute Kimms total standard cost per unit ______

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) What is meant by the term ''resting membrane potential''? 2) What is the usual resting...

Medical Sciences
Q

is are responsible for autophagy in the cell that happens during apoptosis A Lysosomes B...

Biology
Q

Determine if the equation is a linear equation in the variables x y and z...

Basic Math
Q

In 2002, 330 teenagers underwent gastric bypass surgery. In 2007, 780 teenagers underwentgastric bypass surgery.Use...

Basic Math
Q

Percentage of Students Scoring 85 or Better Mathematics x 27 12 13 10 30 45...

Basic Math
Q

X y The sides of the rectangle above increase in such a way 1 and...

Calculus
Q

TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are...

Accounting
Q

Crunchy Granola Company is a diversified food company that specializes in all natural foods. The...

Accounting
Q

The company I am writing about is Office Depot/Max Write a one- to two-page paper...

Accounting
Q

Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables...

Accounting
Q

39 As we studied in the course, charity fraud schemes are particularly prevalent: After high...

Accounting
Q

A secured creditor: Group of answer choices never goes unpaid when a borrower defaults. has...

Accounting