Compute the standard cost for one hat, based on the following standards for each hat:
$\begin{array}{lrr}
\text { $ 3 / 4 $ yard of fabric at $ \$ 4.00 $ per yard } & \text { Standard Material Quantity } \
\text { 1 hour at $ \$ 5.75 $ per hour} & \text { Standard Labor:} \
\text { $ \$ 2.90 $ per direct labor hour } & \text { Factory Overhead: } \
\end{array}$

Question

Compute the standard cost for one hat, based on the following standards for each hat:
 $\begin{array}{lrr}
  \text { $ 3 / 4 $ yard of fabric at $ \$ 4.00 $ per yard } & \text { Standard Material Quantity } \
 \text {  1 hour at $ \$ 5.75 $ per hour} & \text {  Standard Labor:} \
 \text { $ \$ 2.90 $ per direct labor hour } & \text { Factory Overhead: } \
\end{array}$

Quizplus · Accepted Answer

The Answer of Compute the standard cost for one hat, based on the following standards for each hat:
 $\begin{array}{lrr}
  \text { $ 3 / 4 $ yard of fabric at $ \$ 4.00 $ per yard } & \text { Standard Material Quantity } \
 \text {  1 hour at $ \$ 5.75 $ per hour} & \text {  Standard Labor:} \
 \text { $ \$ 2.90 $ per direct labor hour } & \text { Factory Overhead: } \
\end{array}$

Compute the Standard Cost for One Hat, Based on the Following