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What is the standard cost of goods sold

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Question - The following standard data are available for ABC Corp to produce one unit of product X:

Direct materials: 3 yards at 5 per yard

Direct labor: 2 hours at 10 per hour

Budgeted Overhead: 700,000 (includes Budgeted VOH of 500,000) at normal capacity of 10,000 DL hours.

The company produced 1,500 units and ending FG is 200 units.

What is the standard cost of goods sold?

Reference no: EM133127815

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