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On December 1, 2016, the company began manufacturing a new widget splitter known as the Widgetron. The company uses a standard costing system to account

On December 1, 2016, the company began manufacturing a new widget splitter known as the Widgetron. The company uses a standard costing system to account for manufacturing costs. The standard cost for one Widgetron is as follows:

Direct Materials 3lbs at $5 per lb $15.00
Direct Labor 1/2 hour at $20 per hour $10.00
Manufacturing Overhead 75% of Direct Labor Cost $7.50
$32.50

The following data is available from the company's general ledger records for the month of December:

Debit Credit
Revenues $125,000
Accounts Payable (for December purchases of direct materials) $68,250
Direct Materials Price Variance $3,250
Direct Materials Usage Variance $2,500
Direct Labor Rate Variance $1,900
Direct Labor Efficiency Variance $2,000

Actual production during the month was 4,000 units and actual sales were 2,500 units. The amount shown for direct materials price variance applies to materials purchased in December. There was no beginning inventory of materials on December 1, 2016.

Compute each of the following for the month of December:

1) Standard direct labor hours allowed for actual output produced

2) Actual direct labor hours worked

3) Actual direct labor wage rate

4) Standard quantity of direct materials allowed (in pounds)

5) Actual quantity of direct materials used (in pounds)

6) Actual quantity of direct materials purchased (in pounds)

7) Actual direct materials price per pound.

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