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Determine stefanis total standard cost per unit

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Reference no: EM132510631

Stefani Company has gathered the following information about its product.

  • Direct materials: Each unit of product contains 4.00 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.00 pounds. Materials cost $1 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound.
  • Direct labor. Each unit requires 1.80 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Stefani's employees is $13.10. Payroll taxes and fringe benefits are an additional $2.60 per hour.
  • Manufacturing overhead. Overhead is applied at a rate of $4.90 per direct labor hour.

Question 1: Compute Stefani's total standard cost per unit.

Reference no: EM132510631

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