The following standard cost card is provided for Navid Company\'s Product A: The

Question

The following standard cost card is provided for Navid Company's Product A:

The fixed overhead rate is based on total budgeted fixed overhead of $12,000. During the period, the company produced and sold 5,800 units at the following costs:
Direct material 12,200 pounds @ $4.80 per pound
Direct labor 5,950 hours @ $8.00 per hour
Overhead $29,920
The standard manufacturing cost per unit is $23.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations.)

Multiple Choice

Cannot be determined from the information provided.

$17.96.

$23.46.

$36.16.

Direct material (2 lbs. @ $5.00 per lb.) $ 10.00 Direct labor (1 hr @ $8.00 per hr.) 8.00 Variable overhead (1 hr. @ $3.00 per hr.) 3.00 Fixed overhead (1 hr. @ $2.00 per hr.) 2.00 Total standard cost per unit $ 23.00

Explanation / Answer

Actual manufacturing cost per unit Direct materials 12,200*4.80 = 58560 Direct labor         5,950*8 = 47600 overhead 29920 total 136080 cost per unit 136,080/5,800 23.46207 answer 23.46

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