4 Data 5 DM 6 Actual Purchased Price/lb Placed in production units made 14000 lbs 80 12000 lbs 800 Static Budget Standard utilization Standard cost units budgeted Std cost 14 lbs per unit $78.00 per lb 750 $1,092.00 10 DL DL hours utilized $DL/hr DL cost incurred 1000 hrs $18.00 $18,000 Standard utilization Standard cost units budgeted Std cost 1.2 hrs per unit $16.00 per hour 750 $19.20 13 14 15 VarMOH 16 Mhrs used VarMOH cost 600 hrs $12,000 Standard utilization Standard cost units budgeted Std cost 0.8 Mhr/unit $18.00 per Mhr 750 $14.40 $1,125.60 | 18 19 Total Std Cost per unit....... 20 21 Selling Price 1500 1500 units 800 Sales Variable cost of goods sold 5 Variable selling expense $5/unit Total variable expense Contribution margin Budgeted 1200000 900480 4000 904480 295520 Actual 1200000 9940001 4000 998000 202000 Fixed MOH Fixed selling & admin Total fixed expenses 66000 81000 147000 66000 81000 147000 Operating Income (loss) 148520 $ 55,000$ (93,520) 14 Direct materials Direct labor Variable MOH Std Qty Std Price 78 1.2 16 0.8 18 Std Cost $1,092.00 $19.20 $14.40 $1,125.60 $80.00 per pound. During November the plant incured the following: a. Purchased materials of 14000 pounds @ b. Used in production 12000 pounds. c. Worked direct labor of 1000 hours @ d. Incurred MOH variable of $12,000 and $18.00 600 per hour. machine hours. Calculate DM, DL, and MOH Variances: Totals Price Var Eff Var DM DL MOH Totals