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Sagot :
The total standard cost for one unit of product that would appear on a standard cost card = $ 6.8
Standard cost :
A standard cost is the calculated cost of a regular manufacturing process against which factual costs are compared. Of course, if a new product, service, or process is to be carried out, the original standard costs will have to be estimated. Standard cost is a system of account that uses destined standard costs for direct material, direct labor, and plant charges. Standard cost is the alternate cost control fashion, the first being popular control. It's also one of the most lately developed advances of cost account
Giving the required information:
Ship Co. produces storage crates that require 23.0 meters of material at $0.10 per meter and 0.15 direct labor hours at $16.00 per hour. Overhead is applied at the rate of $14 per direct labor hour.
Direct material= 23 ×0.10= $2.3
Direct labor= 16 × 0.15 = $2.4
Overhead= 0.15 × 14= $ 2.1
Total unitary cost= $2.3 + $2.4 + $2.1
= $ 6.8
Unitary cost :
The unitary cost is the fee incurred by a company to have, store and vend one unit of a individual product. Unitary costs contain all fixed costs and all flexible costs concerned in product.
Learn more about standard cost :
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