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If a company has a standard cost of $50 per unit and produces 1,000 units, what is the total standard cost?

Practice Questions

1 question
Q1
If a company has a standard cost of $50 per unit and produces 1,000 units, what is the total standard cost?
  1. $50,000
  2. $5,000
  3. $500
  4. $1,000

Questions & Step-by-step Solutions

1 item
Q
Q: If a company has a standard cost of $50 per unit and produces 1,000 units, what is the total standard cost?
Solution: Total standard cost is calculated as standard cost per unit multiplied by the number of units: $50 * 1,000 = $50,000.
Steps: 5

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