Use the information provided to create a standard cost card for production of one glove box switch. To make one switch i

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Use The Information Provided To Create A Standard Cost Card For Production Of One Glove Box Switch To Make One Switch I 1 (35.24 KiB) Viewed 10 times

Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.40 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.4 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.80 per labor hour. The fixed overhead rate is $15.50 per hour. Round your answer to two decimal places. Standard Cost $