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Compute Pharoah total standard cost per unit

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Question - Pharoah Company has gathered the following information about its product.

Direct materials: Each unit of product contains 3.10 pounds of materials.The average waste and spoilage per unit produced under normal conditions is 0.90 pounds. Materials cost $5 per pound, but Pharoah always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound.

Direct labor. Each unit requires 2.40 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit.The average hourly pay rate of Pharoah's employees is $14.00. Payroll taxes and fringe bene?ts are an additional $3.70 per hour.

Manufacturing overhead. Overhead is applied at a rate of $100 per direct labor hour.

Compute Pharoah's total standard cost per unit.

Reference no: EM132607526

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