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

50.1K

Verified Solution

Question

Accounting

image
Maria Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.1 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.9 pounds, Materials cost $4 per pound, but Maria always takes the 1% cash discount all of its suppliers offer. Freight costs average $0.25 per pound Direct labor. Each unit requires 2.1 hours of labor. Setup, cleanup, and downtime average 0.2 hours per unit. The average hourly pay rate of Maria's employees is $12.6. Payroll taxes and fringe benefits are an additional $2.3 per hour. Mantufacturing overticd Overthend is applled st a rate of $4.9 per direct tabor hour: Compute Marla's total standard cost per unit, (Round answer to 2 decimal ploces, es, 1.25) 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students