Castle Company produces throw blankets that are popular holiday gifts. Standard

Question

Castle Company produces throw blankets that are popular holiday gifts.  Standard variable costs relating to a single blanket are given below

Standard Quantity or Hours

Standard Price or Rate

Standard Cost

Direct materials

2.62 yards

$5 per yard

$?

Direct labor

1.35 DLH

$6.80 per DLH

$?

Variable manufacturing overhead

1.35 DLH

$2 per direct labor-hour

$?

Total standard cost

$?

Overhead is applied to production on the basis of direct labor hours.  During March, 924 blankets were manufactured and sold.   

Selected information related to the month

Standard Quantity or Hours

Standard Price or Rate

Standard Cost

Direct materials

2.62 yards

$5 per yard

$?

Direct labor

1.35 DLH

$6.80 per DLH

$?

Variable manufacturing overhead

1.35 DLH

$2 per direct labor-hour

$?

Total standard cost

$?

Explanation / Answer

the standard cost = standard quantity * standard price = 13.1 $ for direct materials the standard cost =standard quantity* standard price = 9.18$ for direct labour similarly for variable manufacturing overhead = 2.7 $ total standard cost =25.6 $

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.