Business, 01.12.2020 16:40 katerrickt
Parsons Company is planning to produce 2,900 units of product in 2020. Each unit requires 2.00 pounds of materials at $7.00 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor.
(a) Compute the budgeted amounts for 2020 for direct materials to be used, direct labor, and applied overhead.
Direct materials
Direct labor
Overhead
(b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e. g. 2.75.)
Standard cost $
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Parsons Company is planning to produce 2,900 units of product in 2020. Each unit requires 2.00 pound...
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