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What is the Standard cost per Bicycle

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Reference no: EM132765708

Question - To make one bicycle it takes four pounds of material. The material can usually be purchased for $5.25 per pound. The labor necessary to build a bicycle consists of two types. The first type of labor is assembly, which takes 2.75 hours. These workers are paid $11.00 per hour. The second type of labor is finishing, which takes 4 hours. These workers are paid $15.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $5.00 per labor hour. The fixed overhead rate is $3.00 per hour. What is the Standard cost per Bicycle?

Reference no: EM132765708

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