ACCOUNTING 118 Shannon Company is planning to produce 2,800 units of product in 2014
January 9th, 2018
Exercise 23-1 Shannon Company is planning to produce 2,800 units of product in 2014. Each unit requires 3.20 pounds of materials at $8.00 per pound and a half-hour of labor at $12.80 per hour. The overhead rate is 90% of direct labor.Compute the budgeted amounts for 2014 for direct materials to be used, direct labor, and applied overhead.Direct materials$Direct labor$Overhead$Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.)Standard cost$
