The Following Standard Cost Card Is Provided for Navid Company's

question 93

Multiple Choice

The following standard cost card is provided for Navid Company's Product A: $\begin{array}{|l|r|}\hline \text { Direct material (2lbs.@\$5.00 per lb.) } & \$ 10.00 \\\hline \text { Direct labor (1hr@ } \$ 8.00 \text { per hr.) } & 8.00 \\\hline \text { Variable overhead (1 hr.@ } \$ 3.00 \text { per hr.) } & 3.00 \\\hline \text { Fixed overhead (1 hr.@\$2.00 per hr.) } & \underline {2.00} \\\hline \text { Total standard cost per unit } & \underline {\$ 23.00} \\\hline\end{array}$ 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. )

• A) $23.46.
• B) $36.16.
• C) $17.96.
• D) Cannot be determined from the information provided.

---

Definitions:

Table Formula

A formula used in data tables within software like Excel to perform calculations on rows or columns of data.

Table Reference

In databases or spreadsheets, an indicator or pointer that allows formulas or functions to access data stored in a specific table or range.

Column Names

Titles or labels given to individual columns in a database or spreadsheet to identify the type of data they contain.

Change To Range

The process of converting a set of data or cell references in spreadsheet software from a fixed format to a more flexible range format.