Ewing Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. $\begin{array}{lr}
\text { Direct materials quantity standard } & 3 \text { pounds per product } \
\text { Direct labor time standard } & 5 \text { hours per product } \
\text { Direct materials price standard } & \$ 10 \text { per pound } \
\text { Direct labor rate standard } & \$ 9 \text { per hour } \
\text { Standard variable overhead rate } & \$ 5 \text { per labor hour } \
\text { Standard fixed overhead rate } & \$ 10 \text { per labor hour }
\end{array}$
The total standard unit cost is

Question

Ewing Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. $\begin{array}{lr}
 \text { Direct materials quantity standard } & 3 \text { pounds per product } \
\text { Direct labor time standard } & 5 \text { hours per product } \
\text { Direct materials price standard } & \$ 10 \text { per pound } \
\text { Direct labor rate standard } & \$ 9 \text { per hour } \
\text { Standard variable overhead rate } & \$ 5 \text { per labor hour } \
\text { Standard fixed overhead rate } & \$ 10 \text { per labor hour }
\end{array}$ 
The total standard unit cost is

Quizplus · Accepted Answer

The total standard unit cost is calculated by summing the costs of direct materials, direct labor, variable overhead, and fixed overhead per product. Direct materials cost is 3 pounds x $10 = $30. Direct labor cost is 5 hours x $9 = $45. Variable overhead is 5 hours x $5 = $25. Fixed overhead is 5 hours x $10 = $50. Total cost = $30 + $45 + $25 + $50 = $150.

Ewing Corporation's Controller Has Developed the Cost and Usage Data