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Dodge Company produces a single product The company has set the following standards for materials and labour: During the past month, the company purchased 7,000 kilograms of direct materials at a cost of $26,250 All of this material was used in the production of 1,300 units of product Direct labour cost totaled $55,125 for the month The following variances have been computed: Materials price variance $1,750 favorable Total materials variance $250 unfavorable Labour efficiency variance $6,000 favorable For direct materials, compute the standard price per kilogram, the standard quantity allowed for materials in total for the month's production, and the standard quantity per unit of products. For direct labour, compute the actual direct labour cost per hour for the month and the labour rate variance. Cohen Company has provided the following information about the company's only product: Standard direct labour rate $18.20per hour Standard direct labour hours per unit 3 hours Variable manufacturing overhead $3 per standard direct labour hour Fixed manufacturing overhead 7.50 per standard direct labour hour Normal capacity for the month 7,200 units During the preceding month, the actual production was 7,560 units. The average rate paid for the 22.800 hours of direct labour was $18.40 per hour. The actual variable manufacturing overhead was $67,080. and the actual fixed manufacturing overhead was $1 63,000. Required: Compute such variances as can be derived from the above data. Dodge Company produces a single product The company has set the following standards for materials and labour: During the past month, the company purchased 7,000 kilograms of direct materials at a cost of $26,250 All of this material was used in the production of 1,300 units of product Direct labour cost totaled $55,125 for the month The following variances have been computed: Materials price variance $1,750 favorable Total materials variance $250 unfavorable Labour efficiency variance $6,000 favorable For direct materials, compute the standard price per kilogram, the standard quantity allowed for materials in total for the month's production, and the standard quantity per unit of products. For direct labour, compute the actual direct labour cost per hour for the month and the labour rate variance. Cohen Company has provided the following information about the company's only product: Standard direct labour rate $18.20per hour Standard direct labour hours per unit 3 hours Variable manufacturing overhead $3 per standard direct labour hour Fixed manufacturing overhead 7.50 per standard direct labour hour Normal capacity for the month 7,200 units During the preceding month, the actual production was 7,560 units. The average rate paid for the 22.800 hours of direct labour was $18.40 per hour. The actual variable manufacturing overhead was $67,080. and the actual fixed manufacturing overhead was $1 63,000. Required: Compute such variances as can be derived from the above data
