Compute the total standard cost per book for Publisher's Company using the following information:
1) Direct Materials: 1 ream of paper allowed per output unit manufactured, at $5.00 per ream.
2) Direct Mfg. Labour: 0.35 labour-hours of input allowed per output unit finished, at $17.50 standard cost per hour.
3) Variable Manufacturing Overhead: assigned on the basis of 0.25 per hour at $25 standard cost per hour per output unit finished.
A) $11.13 per output unit
B) $14.63 per output unit
C) $17.38 per output unit.
D) $47.50 per output unit
E) $48.60 per output unit
Correct Answer:
Verified
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