Compute kimm total standard cost per unit

Reference no: EM13817294

Kimm Company has gathered the following information about its product.

Direct materials: Each unit of product contains 4.50 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.20 pounds. Materials cost $2 per pound, but Kimm always takes the 2.94% cash discount all of its suppliers offer. Freight costs average $0.28 per pound.

Direct labor. Each unit requires 1.40 hours of labor. Setup, cleanup, and downtime average 0.26 hours per unit. The average hourly pay rate of Kimm's employees is $10.40. Payroll taxes and fringe benefits are an additional $2.90 per hour.

Manufacturing overhead. Overhead is applied at a rate of $5.10 per direct labor hour.

Compute Kimm's total standard cost per unit.

Reference no: EM13817294

Questions Cloud

Utilizing and interpreting ?nancial indicators : Assess the fiscal condition of the selected organization utilizing and interpreting ?nancial indicators, using ?nancial ratios that are widely accepted as being indicative of ?scal health. This assessment should also be expanded to include fund-ra..

See non-constant variance in the data : Discuss the types of situations where you would expect to see non-constant variance in the data. Provide examples to support your response.describe a specific instance where heteroscedasticity would be a problem and the remedial measures that could b..

Amortization of bond premiums and discounts : Prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts

Pace of growth of labor productivity and potential gdp : Participate in a discussion with your classmates regarding where you see the U.S. economy in its business cycle right now, as based on the economic concepts in the textbook. Now that we learned that the real business cycle results from fluctuations i..

Compute kimm total standard cost per unit : Manufacturing overhead. Overhead is applied at a rate of $5.10 per direct labor hour. Compute Kimm's total standard cost per unit.

Introduction to science : Introduction to Science

Dsos are increasing because of economy : Do you think that companies' DSOs are increasing because of this economy? The days sales outstanding (DSO) ratio (which is also known as the average collection period) is an critical ratio that should be analyzed when evaluating a company's short-te..

Strategic and operational plans based on the swot analysis : Write a paper that creates strategic and operational plans based on the SWOT analysis, and includes explanations for the following: How these plans will achieve the related goals

The rise of china : Report . The rise of China - a new leader for a new world? Provide data for all the questions, graphs , Charts , numbers Please avoid plagiarism

User Account

All Pages