Compute kimm total standard cost per unit

Reference no: EM131783706

Kimm Company has gathered the following information about its product.

Direct materials. Each unit of product contains 4.20 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $4 per pound, but Kimm always takes the 2.39% cash discount all of its suppliers offer. Freight costs average $0.27 per pound.

Direct labor. Each unit requires 2.70 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Kimm’s employees is $11.80. Payroll taxes and fringe benefits are an additional $2.80 per hour.

Manufacturing overhead. Overhead is applied at a rate of $5.90 per direct labor hour.

Compute Kimm’s total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.)

Total standard cost per unit : $________

Reference no: EM131783706

Questions Cloud

Determine the influence coefficients for the mass system : Determine the influence coefficients for the three-mass system of Figure and calculate the principal modes by matrix iteration.

Weighted average cost of capital : Calculate the weighted average cost of capital if the firm has a cost of equity of 12%, a cost of debt of 5%, and a tax rate of 30%.

Difference in? reverse logistics-closed-loop supply? chains : Which of the following is NOT a key difference between? "reverse logistics" and? "closed-loop supply? chains"?

What action would you like to implement : Create a Students class with the following methods: default constructor, overloaded constructor, copy constructor, setMaxNumberOf Students, add5tudent, addCours

Compute kimm total standard cost per unit : Compute Kimm’s total standard cost per unit.

Explain how net income could increase for nanotech : Explain how net income could increase for NanoTech while its operating cash flows decrease. Your answer should include three illustrative examples

Determine the three natural frequencies and modes : Using matrix iteration, determine the three natural frequencies and modes for the cantilever be am of Figure.

Capital market expands the money supply for borrowers : The international capital market expands the money supply for borrowers by providing access to international sources of capital.

Firm weighted average cost of capital : If the firm has a tax rate of 25% and a bond yield of 6.2%, what is the firm's weighted average cost of capital?

User Account

All Pages