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

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

70.2K

Verified Solution

Question

Accounting

image

Melissa Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.9 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.1 pounds. Materials cost $4 per pound, but Melissa always takes the 2% cash discount all of its suppliers offer. Freight costs average $0.35 per pound. Direct labor. Each unit requires 1.8 hours of labor. Setup, cleanup, and downtime average 0.2 hours per unit. The average hourly pay rate of Melissa's employees is $12.7. Payroll taxes and fringe benefits are an additional $2.0 per hour. Manufacturing overhead. Overhead is applied at a rate of $6.8 per direct labor hour. Compute Melissa's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $ ta

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

Basic Math
1.2K views

FCAT scores and poverty. In the state of Florida, elementary school performance is based on the...

Biology
1.2K views

If the chromosome constitution of a diploid individual with four pairs of chromosomes is specified as...

Mechanical Engineering
1.2K views

m

Biology
1.2K views

For DNP the LD50 is too close to the therapeutic dose range True O False

Physics
1.2K views

a A tank contains one mole of nitrogen gas at a pressure of 6 75...

Physics
1.2K views

Which process will increase the temperature of the system without heating it Adiabatic compression 79...

Accounting
1.2K views

One of the primary goals of constructing a frequency distribution for quantitative data is to...

Accounting
1.2K views

Griffin Service Company, Inc., fue organizada por Bennett Griffin y otros cinco inversores. Durante el...

Accounting
1.2K views

need help urgently pls Assignment 2: [20\%] Assignment 2: [20\%]

Accounting
1.2K views

Liberty Airways is considering an investment of $770,000 in ticket purchasing kiosks at selected airports....

Finance
1.2K views

QUESTION 4 BELOW IS WORTH 10 POINTS IN TOTAL On October 31, 2017, Perry Company...

Accounting
1.2K views

Macheski Company, an importer and retailer of Polish pottery and kitchenware, prepares a monthly master...