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Anton Company manufactures wooden magazine stands. An accountant for Anton just completed the variance report for the current month. After printing the report, his computer's
Anton Company manufactures wooden magazine stands. An accountant for Anton just completed the variance report for the current month. After printing the report, his computer's hard drive crashed, effectively destroying most of the actual results for the month. All that the accountant remembers is that actual production was 220 stands and that all materials purchased were used in production. The following information is also available. Required: Using the budget for the current month and the variance report, construct the following items. a. What was the actual purchase price per square foot of wood? (Round your answer to 2 decimal places.) b. How many labor hours did it actually take to produce each stand? (Round your answer to 2 decimal places.) c. What was the actual wage rate paid per hour? (Round your answer to 2 decimal places.) d. What was actual total overhead for the month
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