Thyne Incorporated Has Provided the Following Data Concerning One of the Products

question 454

Multiple Choice

Thyne Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The actual output for the period was 3,900 units.The total standard cost per unit is closest to:

• A) $85.80 per unit
• B) $84.22 per unit
• C) $82.56 per unit
• D) $90.70 per unit

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Definitions:

Domestic Supply

The total amount of goods and services that are produced within a country's borders and available for domestic consumption or export.

International Specialization

A method where countries or regions focus on producing goods and services they are most efficient at, to enhance global trade efficiency.

Economies Of Scale

The reduction in cost per unit of goods or services produced as the scale of output increases.

World Price

The international market price of a commodity, determined by global supply and demand conditions.