ABC Companys budgeted sales for June, July, and August are 14,200, 18,200, and 16,200 units,...
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Accounting
ABC Companys budgeted sales for June, July, and August are 14,200, 18,200, and 16,200 units, respectively. Each unit that ABC Company produces uses 2 pounds of raw material. ABC requires 25% of the next months budgeted production as raw material inventory each month. ABC Company currently pays a standard rate of $1.2 per pound for raw materials. Each unit should be produced in 30 minutes of direct labor time at a standard direct labor rate of $9 per hour. Manufacturing overhead is applied at the standard rate of $12 per direct labor hour.
Required:
Calculate the standard cost per unit for ABC Company.
Note: Round your answer to 2 decimal places.
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