View the step-by-step solution to:

Cutting:2 hrs per 5' x10' sheet cut Stamping:02 hrs per 2'x2' square stamped Riveting:

Cutting: 0.2 hrs per 5' x10' sheet cut

Stamping: 0.02 hrs per 2'x2' square stamped

Riveting: 0.09 hrs per tank riveted


Material price per 5' x10' sheet - $60 per sheet

wage rate for cutting, stamping and riveting operators - $ 8 per hr

wage rate for welders - $8 per hour

fabrication shop budgeted

Over head - $120,000 + $2.00/ direct labor hr

Normal is 100,000 direct labor hrs per year

scrap has no value


Determine the total standard cost to be applied to or absorbed by each gas tank leaving the fabrication shop.

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question