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4)part 5 $19.72 You have been given the following information about the production of Bonita Co and are asked to provide the factory manager with
4)part 5
$19.72 You have been given the following information about the production of Bonita Co and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card Direct material (S.80 kg at $3.40 per kilogram) Direct labour to 10.30 hours at $4.301 Variable overhead (0.30 hours at $340 per hour 2.72 Fixed overhead 10.80 hours at $7.00 per hour $31.48 3.44 5.60 The following is a production report for the most recent e most recent period of operations: Total Standard Cost Variances Spending/ Quantity Budget Efficiency $9.656 U Costs Price/Rate Volume $435,812 $6,551 F Direct materials Direct labour Variable overhead 76,024 4,760 5,848 U 60,112 $1.290 F 2 Fixed overhead 123,760 460 F $13.580 U What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, s. 1525.) 2 Actual rate $ /hr What was the actual variable overhead cost incurred during the period? Actual variable overheads Step by Step Solution
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