DELTA PRODUCTS Current period information: Standard costs (per unit of output) Direct materials, 6 gallons@ $2.00 per gallon Direct labor, 3 hours @ $36 per hour Factory overhead Variable (25% of direct labor cost) $ 12 108 27 $ 147 Total standard cost per unit Actual costs and activities for the month: Materials used: 15,120 Gallons $ 1.80 Price per gallon Output in units 2,280 Actual labor costs 6,400 Hours 40 Cost per hour $ 60,750 Actual variable overhead DELTA PRODUCTS Standard Cost per unit of input 6 per galon 36 per hour Standard Cost per unit of output 12 per unit 108 per unt 27 per unit 147 Standard Quantity 2 galons 3 hours 25% of direct costs Standard costs Direct materials Direct labor Variable overhoad Total standard cost per unit $ Actual results: Materials used Actual cost per galon Output Labor hours worked Actual rate per hour Actual variatle overhead 15.120 galons 1.80 2.280 unts 6,400 hours S S 40 60,750 1 2 Favorable variances are positive; Unfavorable variances are negative. Actual Inputs @Standard Price 24 Flexible Efficiency Variance Price Actual Budget 25 Variance Cost 26 27 Direct materials Direct labor Vaniable overtead 28 29 30