Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

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. Standard Cost Card Direct materials (9 pounds at $4 per pound) $36.00 Direct labor (0.80 hours at $10) 8.00 Variable overhead (0.80 hours at $4 per hour) 3.20 Fixed overhead (0.80 hours at $7 per hour) 5.60 $52.80 The following is a variance report for the most recent period of operations. Costs Total Standard Cost $410,400 s1,200 Variances Price Quantity $5,250 F $9,500 U 4,555 5,900 U Direct materials Direct labor How many units were produced during the period? Number of units LINK TO TEXT How many pounds of raw materials were purchased and used during the period? Raw material pounds 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 s /b LINK TO TEXT How many actual direct labor hours were worked during the period? Actual direct labor hours hours 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 Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

6th Canadian Edition

1260060411, 9781260060416

More Books

Students also viewed these Accounting questions