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4g You have been given the following information about the production of Pharoah Co, and are asked to provide the factory manager with information for
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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 $17.68 2.05 Direct materials (5.20 kg at $3:40 per kilogram) Direct labour (0,5 hours at $4.10) Variable overhead (0.50 hours at $3.40 per hour) Fixed overhead (0.50 hours at $6.00 per hour) 1.70 3.00 $2443 The following is a production report for the most recent period of operations Variances Total Standard Cost Spending/ Budget Quantity Efficiency Costs Price/Rate Volume $332,384 $5,029 F $9.588 U Direct materials Direct labour Variable overhead 38,540 2.685 U 5,494 U 31,960 $1,300 F 2 Fixed overhead 56,400 400 E $11,820 U What is the total fixed overhead cost in the company's master budget? $ Budgeted fixed cost Step by Step Solution
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