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Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1 , 0 0 0 -
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in bag batches. The standard cost of each batch consists of pounds of direct materials at $ per pound, direct labor hours at $ per hour, and variable overhead cost based on machine hours at the rate of $ per hour with machine hours per batch. The following variable costs were incurred for the last bag batch produced: a Determine the actual and standard variable costs per bag of dog food produced, separated into direct materials, direct labor, and variable overhead. Round your answers to three decimal places. b For the last bag batch, determine the standard cost variances for direct materials, direct labor, and variable overhead. Round your answers two decimal places.
Determining Unit Costs, Variance Analysis, and Interpretation
Big Dog Company, a manufacturer of dog food, produces its product in bag batches. The standard cost of each batch consists of
pounds of direct materials at $ per pound, direct labor hours at $ per hour, and variable overhead cost based on
machine hours at the rate of $ per hour with machine hours per batch. The following variable costs were incurred for the last
bag batch produced:
a Determine the actual and standard variable costs per bag of dog food produced, separated into direct materials, direct labor, and
variable overhead.
Round your answers to three decimal places.
b For the last bag batch, determine the standard cost variances for direct materials, direct labor, and variable overhead.
Round your answers two decimal places.
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