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Carpenter Corp Manufactures a Product with the Following Standard Costs

Question 70

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Carpenter Corp manufactures a product with the following standard costs:
 Unit costs  Direct materials:  Wood: 10 square feet at $23$230 Hardware kits (screws, etc.)     10$240 Direct labor: 0.5 hours at $34 per hour 17 Variable overhead per unit     8 Total variable costs per unit $265 Fixed costs per month (rent, utilities, supervision) $60,000\begin{array}{l}\text { Unit costs }\\\text { Direct materials: }\\\begin{array}{lrr}\text { Wood: } 10 \text { square feet at } \$ 23 & \$ 230 & \\\text { Hardware kits (screws, etc.) } & \underline{~~~~10} & \$ 240 \\\text { Direct labor: } 0.5 \text { hours at } \$ 34 \text { per hour } & & 17 \\\text { Variable overhead per unit } & & \underline{~~~~8} \\\quad \text { Total variable costs per unit } & & \underline{\$ 265} \\\text { Fixed costs per month (rent, utilities, supervision) } & & \underline{\$ 60,000}\end{array}\end{array} Carpenter plans to produce 10,000 units in March 2017.
Prepare a manufacturing cost budget for March 2017.

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