Kimm company has gathered the subsequent information about, Ask an Expert

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Kimm Company has gathered the subsequent information about its product.

Direct materials: Each unit of product contains 4.60 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $5 per pound, but Kimm constantly takes the 3.54 percent cash discount all of its suppliers offer. Freight costs average $0.44 per pound.

Direct labor. Each unit needs 1.20 hours of labor. Setup, cleanup, and downtime average 0.17 hours per unit. The average hourly pay rate of Kimm's employees is $13.80. Payroll fringe and taxes benefits are an additional $3.50 per hour.

Manufacturing overhead. Overhead is applied at a rate of $6.20 per direct labor hour.

Evaluate Kimm's total standard cost per unit.

Total standard cost per unit $??

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9740238

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