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Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.40 pounds of materials.
Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.40 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.60 pounds. Materials cost $2 per pound, but Stefani always takes the 5.00 % cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit requires 2.80 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly pay rate of Stefani's employees is $13.10. Payroll taxes and fringe benefits are an additional $3.00 per hour. Manufacturing overhead. Overhead is applied at a rate of $5.90 per direct labor hour. Compute Stefani's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $ Question 14 of 14 View Policies Current Attempt in Progress Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $6.00 per pound $6.00 Direct labor-0.5 hours at $11.90 per hour 5.95 Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit 3.00 5.00 $19.95 -/1 E The predetermined manufacturing overhead rate is $16.00 per direct labor hour ($8.00 0.5). It was computed from a master manufacturing overhead budget based on normal production of 2,600 direct labor hours (5,200 units) for the month. The master budget showed total variable costs of $15,600 ($6.00 per hour) and total fixed overhead costs of $26,000 ($10.00 per hour). Actual costs for October in producing 3,000 units were as follows. Direct materials (3,190 pounds) $19,459 Direct labor (1,390 hours) 17,097 The predetermined manufacturing overhead rate is $16.00 per direct labor hour ($8.00+0.5). It was computed from a master manufacturing overhead budget based on normal production of 2,600 direct labor hours (5.200 units) for the month. The master budget showed total variable costs of $15.600 ($6.00 per hour) and total fixed overhead costs of $26.000 ($10.00 per hour). Actual costs for October in producing 3.000 units were as follows. Direct materials (3,190 pounds) $19,459 Direct labor (1,390 hours) 17.097 Variable overhead 18,238 Fixed overhead 7,562 Total manufacturing costs $62,356 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (a) Compute all of the materials and labor variances. (a) Compute all of the materials and labor variances. Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ Materials quantity variance Total labor variance Labor price variance Labor quantity variance S LA $ (b) Compute the total overhead variance. Total overhead variance $
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