What is the standard product cost per unit

Assignment Help Cost Accounting
Reference no: EM133110192

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.

Required - What is the Standard product cost per unit?

Reference no: EM133110192

Questions Cloud

How much is the goodwill arising from the combination : SG Company purchased 35% interest in Popsters Company for P5,600,000 on July 15, 2020. How much is the goodwill arising from the combination
Company operation by making significant investments : The Allied Group intends to expand the company's operation by making significant investments in several opportunities available to the group.
What was its net income for the period : At the end of the year, its equity balance was $3.88 million. Assume that Sanibel is a not-for-profit organization. What was its net income for the period
How to forecast and look towards future growth : Discussed the future and the importance of knowing how to forecast and look towards future growth.
What is the standard product cost per unit : Budgeted Overhead: 700,000 (includes Budgeted VOH of 500,000) at normal capacity of 10,000 DL hours. What is the Standard product cost per unit
Respective research designs : What are the advantages of each of the respective research designs? What research questions/topics are you currently interested in and why?
How much interest will you pay in the upcoming year : The interest rate was 6%. What are your monthly payment and your current loan balance? How much interest will you pay in the upcoming year
Define the variables studied : What question/hypothesis was the researcher trying to answer or investigate? Define the variables studied
What is the gain or loss on sale : If the bond was sold on 1/1/2024 for $125,000, what is the gain or loss on sale if the bond is classified as Trading and Held-to-maturity

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute the interest on each note using a 360-day year

Compute the interest on each note using a 360-day year and then computed interest again using a 365-day year.

  Prepare a perpetual inventory record for digital wireless

Prepare a perpetual inventory record for Digital Wireless, to determine the value of ending inventory at December 31st, 2012, and the total amount to be assigned to cost of goods sold for the period.

  Allocate cost to manufacturing overhead using direct labour

Allocate cost to manufacturing overhead using direct labour hours as the activity [company uses Plant wide Predetermined Rate

  Determine the amount of cost in the raw materials

With the class divided into groups, determine the amount of cost in the Raw Materials, Work in Process, and Finished Goods inventory accounts as of the date of the tornado touchdown.

  What is a standard cost system and why is used

Why does activity-based costing usually produce more accurate product cost information? What is a standard cost system and why is it used?

  Calculate the incremental profit per batch

Calculate the incremental profit (loss) per batch if the intermediate products are further processed and Should each of the intermediate products, peels and depeeled spuds, be sold as is or processed further into an end product?

  Calculate the total dollar amount of supervisions cost

Calculate the total dollar amount of Supervisions cost that would have been allocated to the Shapez product line, if activity-based costing had been used in the last quarter.

  Compute the cost per unit to complete packaging for labor

Compute the physical units of production. Compute the cost per unit to complete packaging for labor, materials, overhead, and total. Compute equivalent units and cost of work in process as of the end of February.

  Determine the proposals internal rate of return

Determine the proposals internal rate of return, Using a discountrate of 10 percent, determine the net present value of the investment proposal

  Which inventory cost-flow method is most appropriate

Place yourself in the position of an upper-level manager in the corporate office of The Home Depot.

  Compute the cost of ending inventory of work in process

Queens uses weighted average process costing. Units completed 40,000 units. Compute the cost of ending inventory of work in process

  What is a non-qualified stock option

What is a non-qualified stock option, how and why is it used to compensate executive management? You may use other sources, however, you must reference and cite them. Also, remember to reference and cite the textbook.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd