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Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,010 Master production budget Direct materials $ 240,966 Direct labor 204,456
Anthon Corporation has provided the following information regarding last month's activities.
Units produced (actual) | 11,010 | |
---|---|---|
Master production budget | ||
Direct materials | $ 240,966 | |
Direct labor | 204,456 | |
Overhead | 281,127 | |
Standard costs per unit | ||
Direct materials | $ 3.96 | per liter 5 liters per unit of output |
Direct labor | $ 33.60 | per hour 0.50 hour per unit |
Variable overhead | $ 30.20 | per direct labor-hour |
Actual costs | ||
Direct materials purchased and used | $ 240,630 | (61,700 liters) |
Direct labor | 182,286 | (5,330 hours) |
Overhead | 289,000 | (58% is variable) |
Variable overhead is applied on the basis of direct labor-hours.
Required:
Calculate all variable production cost price and efficiency variances and fixed production cost price and production volume variances.
Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.
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