FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Batco makes baseball bats. Each bat requires 2.00 pounds of wood at $22 per pound and 0.40 direct labor hour at $20
per hour. Overhead is assigned at the rate of $40 per direct labor hour.
Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.)
O Answer is complete but not entirely correct.
Standard
Standard quantity or
hours
Standard
Inputs
cost per
price or rate
unit
Direct materials
2.00
pounds
20.00
40.00
Direct labor
0.35
DLH
20.00
7.00
Overhead
0.35
DLH
40.00
14.00
Total
61.00
000
000
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Transcribed Image Text:Batco makes baseball bats. Each bat requires 2.00 pounds of wood at $22 per pound and 0.40 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) O Answer is complete but not entirely correct. Standard Standard quantity or hours Standard Inputs cost per price or rate unit Direct materials 2.00 pounds 20.00 40.00 Direct labor 0.35 DLH 20.00 7.00 Overhead 0.35 DLH 40.00 14.00 Total 61.00 000 000
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