Keerin, Inc., produces a complete line of women's athletic apparel. Sweat suits are very popular in the northern states. During August, the company's records revealed the following information about the production of sweat suits:
$$\begin{array} { l | l | l | }
\text { Standards: } & \text { Direct materials } & 5 \text { yards @ } \$ 2.50 \text { per yard } \
& \text { direct labor } & 1 \text { hour @ } \$ 9.50 \text { per hour } \
&\text { Overhead: } & \
&\text { Variable } & 5.50 \text { per direct labor hour } \
&\text { Fixed } & 7 \text { per direct labor hour }
\end{array}$$ Compute the standard unit cost for a sweat suit.

Question

Keerin, Inc., produces a complete line of women's athletic apparel. Sweat suits are very popular in the northern states. During August, the company's records revealed the following information about the production of sweat suits:
 $$\begin{array} {  l | l | l | } 
\text { Standards: } & \text { Direct materials } & 5 \text { yards @ } \$ 2.50 \text { per yard } \
& \text { direct labor } & 1 \text { hour @ } \$ 9.50 \text { per hour } \
&\text { Overhead: } & \
&\text { Variable } & 5.50 \text { per direct labor hour } \
&\text { Fixed } & 7 \text { per direct labor hour }
\end{array}$$ Compute the standard unit cost for a sweat suit.

Quizplus · Accepted Answer

The Answer of Keerin, Inc., produces a complete line of women's athletic apparel. Sweat suits are very popular in the northern states. During August, the company's records revealed the following information about the production of sweat suits:
 $$\begin{array} {  l | l | l | } 
\text { Standards: } & \text { Direct materials } & 5 \text { yards @ } \$ 2.50 \text { per yard } \
& \text { direct labor } & 1 \text { hour @ } \$ 9.50 \text { per hour } \
&\text { Overhead: } & \
&\text { Variable } & 5.50 \text { per direct labor hour } \
&\text { Fixed } & 7 \text { per direct labor hour }
\end{array}$$ Compute the standard unit cost for a sweat suit.

Keerin, Inc Compute the Standard Unit Cost for a Sweat Suit