Determining How Variances Are Computed Helon Company uses a standard cost system in its accounting for the manufacturing costs of its only product. The standard cost information for materials and labor is as follows:

During April of its first year of operation, the company completed 2,300 units and had the following materials and labor variances:

There was no work-in-process inventory at the beginning or end of April.
Required:
Compute the following amounts:
1. The amount of materials and labor debited to Work-in-Process Inventory during April.
2. The pounds of materials used in production.
3. The actual hours of labor used in production.
4. The actual labor rate per hour.

Transcribed Image Text:

Direct materials: 5 pounds at $7 Direct labor: 3 hours at $8 $35 24