Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.Inputs Standard Quantity or Hours per Unit of Output Standard Price or RateDirect materials 6.9 grams $ 9.20 per gramDirect labor 0.90 hours $ 21.20 per hourVariable manufacturing overhead 0.90 hours $ 3.60 per hourThe actual output for the period was 3,900 units.The standard amount of materials allowed for the actual output is closest to:Garrison 16e Rechecks 2017-07-14Multiple Choice26,910 grams28,980 grams26,900 grams24,979 grams

The simplest definition of total cost (TC) is all the expenses incurred in creating or carrying out an activity.
In economics, the total cost is made up of both fixed and variable costs.
Variable costs (VC) are expenses that vary according on how many items you purchase or how much of a service you utilise.

The given data is,

Direct material= 6.9 grams, $ 9.20 per gram.

Direct labor= 0.90 hours, $ 21.20 per hours.

Variable manufacturing = 0.90 hours, $ 3.60 per hour.

Standard cost per unit

Direct material (6.9×9.2) =63.48

Direct labour (0.9×21.2) =19.08

Variable manufacturing overhead (0.9×3.6) = 3.24

Total standard cost = 85.8 Per unit

Thyne Inc.'s standard total cost is $85.8 per unit.

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