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Monty Unlimited provided the following information. Actual materials (purchased and used) 219,000 ml @ $0.32 per ml Actual direct labour 748 hours @ $13.00 per
Monty Unlimited provided the following information.
Actual materials (purchased and used) | 219,000 ml @ $0.32 per ml | |
Actual direct labour | 748 hours @ $13.00 per hour | |
Actual variable overhead | 990 machine hours @ $4.90 per machine hour | |
Actual fixed overhead | $20,087 |
Materials Price Variance | $10,950 U | |
Materials Quantity Variance | $2,241 U | |
Labour Rate Variance | $748 F | |
Labour Efficiency Variance | $182 U | |
Variable Overhead Spending Variance | $99 F | |
Variable Overhead Efficiency Variance | $50 U | |
Fixed Overhead Budget Variance | $1,370 U |
Normal capacity is 5,100 bottles of fragrance. Actual production this quarter was 4,900 bottles of fragrance.
Develop the standard cost card for Monty Unlimited. Include materials, labour, variable overhead, and fixed overhead.?
Total Standard Cost
Direct Materials $_______
Direct Labour ______
Variable Overhead _____
Fixed Overhead ______
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