Question
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
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)
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