Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4c You have been given the following information about the production of Pharoah Co, and are asked to provide the factory manager with information for

4c
image text in transcribed
image text in transcribed
You have been given the following information about the production of Pharoah Co, and are asked to provide the factory manager with information for a meeting with the vice-president of operations Standard Cost Card Direct materials (5.20 kg at $3,40 per kilogram! $17.68 Direct labour (0.50 hours at $410) 2.05 Variable overhead (0.50 hours at $3.40 per hour) 1.70 Fixed overhead (0:50 hours at $6.00 per hour) 3.00 $2443 The following is a production report for the most recent period of operations: Variances Spending/ Quantity Budget Efficiency Total Standard Cost Costs Price/Rate Volume $332 384 $5.029 F $9,588 U Direct materials Direct labour 38,540 2.685 U 5,494 U 31,960 Variable overhead $1.300F 2 56,400 400 F Fixed overhead $11.820 U MacBook Air What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, eg, 15.25.) Actual cost per kilogram $ /kg

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance, European Edition

Authors: Peter Moles, Robert Parrino, David S. Kidwell

1st Edition

0470683708, 9780470683705

More Books

Students also viewed these Accounting questions

Question

Exude confidence, not arrogance.

Answered: 1 week ago