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How do i find the total manufacturing overhead variance? ys, Inc. manufactures flower pots. The company uses a standard cost system. Flower are sold for
How do i find the total manufacturing overhead variance?
ys, Inc. manufactures flower pots. The company uses a standard cost system. Flower are sold for $39 each. At the start of monthly production, Sunny estimated 9,000 flower uld be produced during March. Sunny has established the following material and labor PuCircle the correct answer - Show your work) sunny Da pots pots wo standards to produce one flower pot: Standard Quantity 2.5 pounds 1.0 hours Standard Price $4 per pound $12 per hour Direct Materials: Direct Labor: Sunny uses a pretermined overhead rate based on standard direct labor hours hour During March the following activity was recorded relat ing to the production of flower pots: 1. The company produced 8,500 units during the month. 2. A total of 22,000 pounds of materials were purchased at a cost of $82,000. 3. A total of 22,000 pounds of materials were used in production. 4. 8,000 hours of labor were incurred during the month at a total wage cost of $98,000. 5. Th e company actually incurred $98,000 of total overhead costs. Required ceStep by Step Solution
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