Grow Right Products is a manufacturer of large flower pots for urban settings. The company has these​ standards:

Grow Right Products is a manufacturer of large flower pots for urban settings. The company has these​ standards:

Requirement 1. Compute the standard cost of each of the following inputs per​ pot: direct​ materials, direct​ labor, variable manufacturing​ overhead, and fixed manufacturing overhead. ​(Round your answers to the nearest​ cent.)

Standard quantity

x

Standard price

=

Standard cost of input

Direct materials

9.60

pound

x

$4.55

per pound

=

$43.68

Direct labor

1.00

hour

x

$15.80

per hour

=

$15.80

Variable manufacturing overhead

1.00

hour

x

$3.40

per hour

=

$3.40

Fixed manufacturing overhead

1.00

hour

x

$6.00

per hour

=

$6.00

Requirement 2. Determine the standard cost of one flower pot. ​(Enter your answer to the nearest​ cent.)

The standard cost of one flower pot is $

68.88

.

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