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Question - XYZ Co. has decided to use a standard cost system within the company. The following is data regarding the standard setting that has been determined in 2021:
Price of raw materials per kg @ 10,000
Quantity of raw materials 20 kg/unit
Wages for direct labor/ hour 19,000/ DLH
Quantity of direct labor 8 DLH/unit
Variable factory overhead rate of 5,000/ DLH
Fixed factory overhead rate of 7,500/ DLH
Required - Based on company data XYZ Co. above, then calculate the standard cost per unit!
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