Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How many pounds of raw materials were purchased and used during the period? What was the actual cost per pound of raw materials? (Round answer

image text in transcribed

How many pounds of raw materials were purchased and used during the period?

What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.)

How many actual direct labor hours were worked during the period?
What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.)

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 (8 pounds at $5 per pound) Direct labor (0.70 hours at $10) Variable overhead (0.70 hours at $3 per hour) Fixed overhead (0.70 hours at $7 per hour) Standard Cost Card $40.00 7.00 2.10 4.90 $54.00 The following is a variance report for the most recent period of operations. Costs Direct materials Direct labor Total Standard Cost $409,600 71,680 Variances Price Quantity $8,378 F $9,300 U 3,869 U 5,700 U Your answer is incorrect. How many units were produced during the period? Number of units 10250

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

More Books

Students also viewed these Accounting questions

Question

Develop a program for effectively managing diversity. page 303

Answered: 1 week ago

Question

List the common methods used in selecting human resources. page 239

Answered: 1 week ago