Compute the Total Standard Cost Per Book for Publisher's Company

question 94

Multiple Choice

Compute the total standard cost per book for Publisher's Company using the following information: Direct Materials: 1 ream of paper allowed per output unit manufactured, at $5.00 per ream.
Direct Mfg. Labour: 0.35 labour-hours of input allowed per output unit finished, at $17.50 standard cost per hour.
Variable Manufacturing Overhead: assigned on the basis of 0.25 per hour at $25 standard cost per hour per output unit finished.

• A) $11.13 per output unit
• B) $14.63 per output unit
• C) $17.38 per output unit.
• D) $47.50 per output unit
• E) $48.60 per output unit

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Definitions:

Competitive Edge

An advantage that allows an organization to outperform its competitors, achieved through superior products, processes, or strategies.

Supplier Relationships

The interaction and cooperation between businesses and their suppliers, aimed at achieving mutual benefits and ensuring a stable supply chain.

Supplier Goodwill

The positive reputation and relationship a supplier builds over time, which can lead to preferential treatment, better terms, or ongoing business opportunities.

Supply Manager

A professional responsible for managing and overseeing the procurement of goods and services in an organization, including supplier selection and contract negotiation.