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3 December, 09:50

The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours Standard Price or Rate Direct materials 12 feet $? per foot Direct labor 1.5 hours $ 12 per hour Variable manufacturing overhead 1.5 hours $ 8 per hour If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is:

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  1. 3 December, 10:07
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    Direct Material per foot = $4

    Explanation:

    total variable = Direct material + labor + variable overheard

    $78 = D. M + (1.5 hrs * $12) + (1.5 hrs * $8)

    $78 = D. M + $18 + $12

    $78 = D. M + $30

    D. M = $78 - $30

    D. M = $48

    D. M (per foot) = $48/12 = $4
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Home » Business » The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours Standard Price or Rate Direct materials 12 feet $? per foot Direct labor 1.5 hours $ 12 per hour Variable manufacturing overhead 1.
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