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29 July, 11:24

Fleck's standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours. The standard rates are $4 per pound and $14 per hour for direct labor. The standard overhead rate is $16 per direct labor hour.

The total standard cost of Fleck's product is how much?

a. $34

b. $29

c. $45

d. $53

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Answers (1)
  1. 29 July, 12:06
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    d. $53

    Explanation:

    The computation of the total standard cost is shown below

    = Standard rate per pound * number of pounds + standard rate per direct labor hour * number of direct labor hour + standard overhead rate * number of direct labor hour

    = $4 per pound * 2 pounds + $14 per direct labor hour * 1.5 labor hour + $16 per direct labor hour * 1.5 labor hour

    = $8 + $21 + $24

    = $53
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