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Hot Chilli Produces a Range of Women's Swimsuits Compute the Standard Unit Cost for a Swimsuit

question 33

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Hot Chilli produces a range of women's swimsuits.During October,the company's records revealed the following information about production of the swimsuits.
 Standards:  Direct materials 4 metres @ $2.50 per metre  Direct labour 1.5 hours @ $9.00 per hour  Manufacturing overhead  Variable $5.00 per direct labour hour  Fixed $5.50 per direct labour hour \begin{array}{ll}\text { Standards: }\\\text { Direct materials } & 4 \text { metres @ \$2.50 per metre } \\\text { Direct labour } & 1.5 \text { hours @ \$9.00 per hour }\\\text { Manufacturing overhead }\\\text { Variable } & \$ 5.00 \text { per direct labour hour } \\\text { Fixed } & \$ 5.50 \text { per direct labour hour }\end{array}
Compute the standard unit cost for a swimsuit.


Definitions:

Loan

A loan is an amount of money that is lent to a borrower, who agrees to repay it, plus interest, over a specified period of time.

Capital Markets

Financial markets where long-term debt or equity-backed securities are bought and sold.

Short-Term Debt

Debt obligations scheduled for repayment within one year.

Municipal Bonds

Debt securities issued by states, cities, counties, and other governmental entities to finance public projects, offering tax-exempt interest payments to investors.

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