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Exercise 24-09 You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information
Exercise 24-09 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 operations. Direct materials (9 pounds at $5 per pound) Direct labor (0.80 hours at $10) Variable overhead (0.80 hours at $3 per hour) Fixed overhead (0.80 hours at $8 per hour) Standard Cost Card $45.00 8.00 2.40 6.40 $61.80 The following is a variance report for the most recent period of operations. Costs Variances Price Quantity $8,290F $9,500 U 4,367 U 7,400 U Total Standard Cost $405,000 72,000 Direct materials Direct labor Your answer is correct. How many units were produced during the period? Number of units 9000 LINK TO TEXT Your answer is correct. How many pounds of raw materials were purchased and used during the period? Raw material 82900 pounds LINK TO TEXT Your answer is correct. 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 4.9/1b LINK TO TEXT * Your answer is incorrect. Try again. How many actual direct labor hours were worked during the period? Actual direct labor hours 9000 hours LINK TO TEXT x Your answer is incorrect. Try again. What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) Actual rate paid per direct labor hour 10.49/hr Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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