7 voi viteSandra Company has gathered the following information about its product.Direct materials: Each unit of product contains 3.7 pounds of materials. The average waste and spoilage per unit produced undernormal conditions is 1.3 pounds. Materials cost $1 per pound, but Sandra always takes the 3% cash discount all of its suppliers offer.Freight costs average $0.40 per pound.Direct lobor. Each unit requires 1.0 hours of labor. Setup, cleanup, and downtime average 0.1 hours per unit. The average hourly payrate of Sandra's employees is $10.6. Payroll taxes and fringe benefits are an additional $2.9 per hour.Manufacturing overhead. Overhead is applied at a rate of $4.0 per direct labor hour.Compute Sandra's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.)Total standard cost per unit

Standard cost is a cost which estimated to occurs under normal course of business. Actual cost is…

**** Votwie Sandra Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.7 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.3 pounds. Materials cost $1 per pound, but Sandra always takes the 3% cash discount all of its suppliers offer. Freight costs average $0.40 per pound. Direct labor. Each unit requires 1.0 hours of labor. Setup, cleanup, and downtime average 0.1 hours per unit. The average hourly pay rate of Sandra's employees is $10.6. Payroll taxes and fringe benefits are an additional $2.9 per hour. Manufacturing overhead. Overhead is applied at a rate of $4.0 per direct labor hour. Compute Sandra's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit

**** Votwie Sandra Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.7 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.3 pounds. Materials cost $1 per pound, but Sandra always takes the 3% cash discount all of its suppliers offer. Freight costs average $0.40 per pound. Direct labor. Each unit requires 1.0 hours of labor. Setup, cleanup, and downtime average 0.1 hours per unit. The average hourly pay rate of Sandra's employees is $10.6. Payroll taxes and fringe benefits are an additional $2.9 per hour. Manufacturing overhead. Overhead is applied at a rate of $4.0 per direct labor hour. Compute Sandra's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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