Standard cost card

After standards have been set for materials, labor, and overhead, a standard cost card is prepared. The standard cost card indicates what the cost should be for a completed unit of product.


Referring back to the standard costs computed for materials, labor, and overhead, the standard cost for one jogging suit would be:

Standard Cost Card for Jogging Suits

(1 ) (2)

Standard Standard Standard
Quantity Price Cost
or Hours or Rate (1) x (2)

Direct materials 3.5 yds. $ 6 per yd. $21

Direct labor 2.0 hrs. 18 per hr. 36

Variable manuf. overhead 2.0 hrs. 4 per hr. 8

Total standard cost per suit $65