Assignment

This company is introducing a standard cost calculation system.

	Quantity standard	price standard	Standard cost
Direct material cost	3kg	300	900
Direct labor cost	6hours	200	1200
Variable manufacturing overhead	6hours	50	300
Fixed Manufacturing Indirect Cost	6hours	30	180
			2580

Standard cost per unit of product set by the company

The fixed manufacturing overhead budget is 225,000, The standard operation is also 7,500 hours

Direct Material Related Data.

purchase volume(credit) : 4000kg unit price of purchase price : 310/kg

amount used : 3500kg

Actual amount of direct labor cost : Actual operation time 7400hours

actual rate of wage 210

Actual amount of variable manufacturing overhead costs : 340000

Actual amount of fixed manufacturing overhead costs : 230000

1200 units of finished product, There is no work in hand.

1,100 units were sold on credit. selling price 3500/unit

Question

1. Analyze the differences for each of the following cost elements

1)Difference in price (when purchasing) and quantity of materials (when using)