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Q1) Mushin company has collected information given below about its product.

Direct materials: Each unit of product contain 4.8 pounds of materials. Average waste and spoilage per unit made under normal conditions is 0.9 pounds. Materials cost $5 per pound,but Muhsin always take 2% cash discount all ot its suppliers offer. Freight costs average $0.30 per pound.

Direct labor: Each unit needs 3 hours of labor. Setup, cleanup, and downtime average 0.6 hours per unit. Average horly pay rate of Muhsin's employees is $14. Payroll taxes and tangeĀ benifits are extra $5 per hour.
Manufacturing overhead: Overhead is applied at rate of $8 per direct labor hour.

problem:

Compute Muhsin's total standard cost per unit.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M918226

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