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- 3 Marks
Question
Prepare the standard cost card per unit of product Jupiter.
Answer
Standard Cost Card per Unit of Product Jupiter:
| Component | Cost |
|---|---|
| Sales price | GH¢12.00 |
| Materials cost | 4.29kg @ GH¢1.453 per kg = GH¢6.23 |
| Labour cost | 2.62 hours @ GH¢2.15 per hour = GH¢5.63 |
| Contribution | GH¢0.14 |
- Tags: Cost Card, Cost Control, Standard Costing
- Level: Level 2
- Topic: Standard Costing and Variance Analysis
- Series: MAY 2018
- Uploader: Joseph