Asked by Julia Ibanez on Apr 30, 2024
Verified
Becka Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
The company produced 2,300 units of this product in November.
Required:
a. What is the total standard cost of one unit of this product?
b. What was the standard grams allowed for the actual output of this product in November?
c. What was the standard hours allowed for the actual output of this product in November?
Standard Hours
The predetermined amount of time expected to complete a task or produce a unit of product under normal conditions.
Total Standard Cost
The aggregated cost of direct materials, direct labor, and manufacturing overhead used in producing a product under standard costing.
- Comprehend the principles behind standard cost systems, including the documentation of transactions at these predetermined costs.
- Analyze the disparity between expected and actual expenses for direct materials and direct labor.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
a.
b. Standard quantity = 2,300 units × 6.7 grams per unit = 15,410 gramsc. Standard hours = 2,300 units × 0.30 hours per unit = 690 hours
b. Standard quantity = 2,300 units × 6.7 grams per unit = 15,410 gramsc. Standard hours = 2,300 units × 0.30 hours per unit = 690 hours
Learning Objectives
- Comprehend the principles behind standard cost systems, including the documentation of transactions at these predetermined costs.
- Analyze the disparity between expected and actual expenses for direct materials and direct labor.
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