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The total standard cost of cranes product is

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1. Waterway Industries expects direct materials cost of $8 per unit for 50000 units (a total of $400000 of direct materials costs). Waterway's standard direct materials cost and budgeted direct materials cost is?

2. Crane's standard quantities for 1 unit of product include 6 pounds of materials and 0.5 labor hours. The standard rates are $2 per pound and $3 per hour. The standard overhead rate is $4 per direct labor hour. The total standard cost of Crane's product is?

Reference no: EM132322443

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