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Financial & Managerial Accounting
Found in: Page 968
Financial & Managerial Accounting

Financial & Managerial Accounting

Book edition 7th
Author(s) John J Wild, Ken W. Shaw, Barbara Chiappetta
Pages 1096 pages
ISBN 9781259726705

Short Answer

BatCo makes metal baseball bats. Each bat requires 1 kg of aluminum at $18 per kg and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. What amounts would appear on a standard cost card for BatCo?

$33 would appear on the standard cost card of the company.

See the step by step solution

Step by Step Solution

Step 1: Meaning of Cost Card

A cost card is an approach used in the traditional costing system, in which costs such as direct material, labor, and overheads required to produce a single unit of a product are recorded.

Step 2: Amounts to be appeared on standard cost card

ParticularsUnits requiredCost per unit ($)Total ($)
Material 1 kg1818
Labor0.25 hours205
Overhead0.25 hours4010
Total cost$33

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