Trico Company set the following standard unit costs for its single product.

Direct materials (30 Ibs. @ $ 4 per Ib.) . . . . . . . . . . . . . . . . . $ 120.00

Direct labor (5 hrs. @ $ 14 per hr.) . . . . . . . . . . . . . . . . . . . . 70.00

Factory overhead — variable (5 hrs. @ $ 8 per hr.) . . . . . . . . 40.00

Factory overhead — fixed (5 hrs. @ $ 10 per hr.) . . . . . . . . . 50.00

Total standard cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 280.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available.



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