Vintech Company is planning to produce 2,300 units of product in 2011. Each unit requires 3 pounds of materials at $8 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor.

Compute the budgeted amounts for 2011 for direct materials to be used, direct labor, and applied overhead.

Direct materials $

Direct labor $

Applied overhead $

Compute the standard cost of one unit of product. (Round intermediate calculations and your answer to 2 decimal places, e.g. 10.50.)

$

Compute the budgeted amounts for 2011 for direct materials to be used, direct labor, and applied overhead.

Direct materials $

Direct labor $

Applied overhead $

Compute the standard cost of one unit of product. (Round intermediate calculations and your answer to 2 decimal places, e.g. 10.50.)

$

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