Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 23-9 You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information
Exercise 23-9 You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operation Standard Cost Card Direct materials (7 pounds at $3 per pound) Direct labor (0.80 hours at $7) $21.00 5.60 Variable overhead (0.80 hours at $5 per hour) 4.00 Fixed overhead (0.30 hours at $8 per hour) $37.00 The following is a variance report for the most recent period of operations. Costs Direct materials Direct labor Total Standard Cost $409,000 109,000 Variances Price Quantity $6,970 F $9,800 U 5,200 0 2,400 g How many units were produced during the period? (Round answer to decim pieces, e.g. 125.) Number of units LINK TO TEXT LINK TO TEXT How many pounds of raw material were purchased and used during the period? (Round answer to o decimal places, e.g. 125.) Raw material pounds LINK TO TEXT LINK TO TEXT What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.) Actual cost per pound of raw materials LINK TO TEXT LINK TO TEXT How many actual direct labor hours were worked during the period? (Round answer to o decimal places, e.. 125.) Actual direct labor hours hours
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started