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Bellingham Company produced 3,300 units of product that required 3 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00
Bellingham Company produced 3,300 units of product that required 3 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 9,200 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (3,080 bars) are as follows: Ingredient Quantity Price Cocoa 540 lbs. $0.40 per lb. Sugar 150 lbs. $0.60 per lb. Milk 120 gal. $1.30 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar Atlas Furniture Company manufactures designer home furniture. Atlas uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: Direct labor: standard rate $19.00 per hr. standard time per unit 4 hrs. Direct materials (oak): standard price $10.00 per bd. ft. 18 bd. ft. standard quantity standard rate Variable factory overhead: Fixed factory overhead: $2.40 per direct labor hr. $0.80 per direct labor hr. standard rate a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. $ per table b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of Using this principle, cost deviations from standards can be investigated and corrected
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