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Use the following information to create a
To make one drone it takes 2 pounds of plastic material. The material can usually be purchased for $25.00 per pound. The labor necessary to build a drone consists of two types. The first type of labor is assembly, which takes 10.5 hours. These workers are paid $21.00 per hour. The second type of labor is finishing, which takes 7 hours. These workers are paid $25.00 per hour.
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- Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour.arrow_forwardSalley is developing material and labor standards for her company. She finds that it costs $0.55 per pound of material per widget. Each widget requires 6 pounds of material per widget. Salley is also working with the operations manager to determine what the standard labor cost is for a widget. Upon observation, Salley notes that it takes 3 hours in the assembly department and 1 hour in the finishing department to complete one widget. All employees are paid $10.50 per hour. A. What is the standard materials cost per unit for a widget? 8. What is the standard labor cost per unit for a widget?arrow_forwardUse the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.4 pounds of plastic material. The plastic material can usually be purchased for $21.00 per pound, and the wire costs $2.40 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.4 hours. These workers are paid $28.00 per hour. The second type of labor is finishing, which takes 1 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.50 per hour. Round your answer to two decimal places. Standard Cost $fill in the blank 1arrow_forward
- Use the information provided to calculate standard costs: To make one switch it takes 18 feet of plastic-coated copper wire and 0.6 pounds of plastic material. The plastic material can usually be purchased for $16 per pound, and the wire costs $2.09 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27 per hour. The second type of labor is finishing, which takes 2.7 hours. These workers are paid $27 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.46 per labor hour. The fixed overhead rate is $14.72 per hour. What is the total standard cost? Round to the nearest penny, two decimal places.arrow_forwardUse the information provided to calculate standard costs: To make one switch it takes 17 feet of plastic-coated copper wire and 0.9 pounds of plastic material. The plastic material can usually be purchased for $17 per pound, and the wire costs $2.67 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.3 hours. These workers are paid $26 per hour. The second type of labor is finishing, which takes 2.2 hours. These workers are paid $28 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.39 per labor hour. The fixed overhead rate is $14.94 per hour. What is the total standard cost for direct materials? Round to the nearest penny, two decimal places.arrow_forwardUse the information provided to calculate standard costs: To make one switch it takes 17 feet of plastic-coated copper wire and 0.2 pounds of plastic material. The plastic material can usually be purchased for $18 per pound, and the wire costs $2.93 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.8 hours. These workers are paid $29 per hour. The second type of labor is finishing, which takes 2.1 hours. These workers are paid $27 per hour. Overhead is applied using labor hours. The variable overhead rate is $14 per labor hour. The fixed overhead rate is $14.25 per hour. What is the total standard cost for direct labor? Round to the nearest penny, two decimal places.arrow_forward
- Use the information provided to calculate standard costs: To make one switch it takes 19 feet of plastic-coated copper wire and 0.8 pounds of plastic material. The plastic material can usually be purchased for $20 per pound, and the wire costs $2.12 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.1 hours. These workers are paid $27 per hour. The second type of labor is finishing, which takes 2.4 hours. These workers are paid $28 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.25 per labor hour. The fixed overhead rate is $15.26 per hour. What is the total standard cost for manufacturing overhead? Round to the nearest penny, two decimal places.arrow_forwardUse the information provided to calculate standard costs: To make one switch it takes 15 feet of plastic-coated copper wire and 0.4 pounds of plastic material. The plastic material can usually be purchased for $19 per pound, and the wire costs $2.68 per foot. The labor necessary to assemble a switch consists of two types. The fırst type of labor is assembly, which takes 3.7 hours. These workers are paid $29 per hour. The second type of labor is finishing, which takes 3.0 hours. These workers are paid $25 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.06 per labor hour. The fixed overhead rate is $14.70 per hour. What is the total standard cost for direct materials? Round to the nearest penny, two decimal places.arrow_forwardUse the information provided to calculate standard costs: To make one switch it takes 19 feet of plastic-coated copper wire and 0.3 pounds of plastic material. The plastic material can usually be purchased for $16 per pound, and the wire costs $2.93 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.1 hours. These workers are paid $29 per hour. The second type of labor is fınishing, which takes 3.0 hours. These workers are paid $28 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.46 per labor hour. The fixed overhead rate is $15.52 per hour, What is the total standard cost for direct labor? Round to the nearest penny, two decimal places.arrow_forward
- o make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Use the information provided to create a standard cost card for production of one glove box switch, in the format given below:arrow_forwardTo make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Use the information provided to create a standard cost card for production of one glove box switch under the format of direct materials, direct labor, manufacturing overhead, and standard cost. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardUse the information provided to create a standard cost card for production of one deluxe bicycle from Bicycles Unlimited. To make one bicycle it takes four pounds of material. The material can usually be purchased for $5.25 per pound. The labor necessary to build a bicycle consists of two types. The first type of labor is assembly, which takes 2.75 hours. These workers are paid $11.00 per hour. The second type of labor is finishing, which takes 4 hours. These workers are paid $15.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $5.00 per labor hour. The fixed overhead rate is $3.00 per hour.arrow_forward
- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College