Account. 202

() F12 Begin of year company had the following standard cost sheet . company planned on Producing 950 units for the year. Direct materials ( 5pounds at $ 4.00 ) $20. 00 retur Direct labor (3 hours at $ 22) 46. 00 standard prime cost per unit $1 86. 0D Q shift standard costing system During the year, a variable overhead rate of $ 5.30 per direct labor hour was used Actual Results : Actual # of units produced 970 Materials purchased: 5.000 pounds @ 3. 85 / pound Materials used in production : 4800 pounds Direct labor : 2800 hours at $ 22.50 Actual variable over head: $ 14. 100 Volt efficiency variance = Labor rate variance = Labor efficiency variance = Materials price variance - Materials usage variance = volt spending variance