Direct material (2 lbs. @ $5.00 per lb.) $ 10.00
Direct labor (1 hr @ $5.00 per hr.) 5.00
Variable overhead (1 hr. @ $3.00 per hr.) 3.00
Fixed overhead (1 hr. @ $2.00 per hr.) 2.00 Total standard cost per unit $20.00
The fixed overhead rate is based on total budgeted fixed overhead of $11000. During the period the company produced and sold 5300 units at the following
costs.
Direct material 11000 pounds @ $4.50 per pound
Direct labor 5050 hours @ $5.00 per hour
Overhead $30090
The standard manufacturing cost per unit is $20.00 while the actual manufacturing cost per unit was (Do not round your intermediate calculations. Round your final
answer to one decimal place.):
$19.8.
$20.7.
$21.2.
Cannot be determined from the information provided.