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in excel please Xavier Company produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard costs
in excel please
Xavier Company produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard costs for one unit of product are as follows: Direct material: 6 ounces at $0.50 per ounce Direct labor: 1.8 hours at $10 per hour Variable manufacturing overhead: 1.8 hours at $5 per hour $ 3 18 9 Total standard variable cost per unit $30 During June, 2,000 units were produced. The costs associated with June's operations were as follows: $10,800 Material purchased: 18,000 ounces at $0.60 per ounce Material used in production: 14,000 ounces Direct labor: 4,000 hours at $9.75 per hour Variable manufacturing overhead costs incurred. $39,000 $20,800 Required: Compute the direct materials, direct labor, and variable manufacturing overhead variances. (10 points)Step by Step Solution
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