Keerin, Inc Compute the Standard Unit Cost for a Sweat Suit

Essay

Keerin, Inc., produces a complete line of women's athletic apparel. Sweat suits are very popular in the northern states. During August, the company's records revealed the following information about the production of sweat suits:
$$\begin{array} { l | l | l | } \text { Standards: } & \text { Direct materials } & 5 \text { yards @ } \$ 2.50 \text { per yard } \\& \text { direct labor } & 1 \text { hour @ } \$ 9.50 \text { per hour } \\&\text { Overhead: } & \\&\text { Variable } & 5.50 \text { per direct labor hour } \\&\text { Fixed } & 7 \text { per direct labor hour }\end{array}$$ Compute the standard unit cost for a sweat suit.