P&G makes a perfume called Poison. The standard prime cost of one bottle of Poison is as follows: Direct material (8 ounces): $5.80; Direct Labor ( hour): $8.00. During the month of June 2018, 10,000 bottles of Poison are manufactured for which 58,000 ounces of material were purchased & the direct labor cost incurred was $56,350. The opening inventory for raw material was 10,000 ounces and closing inventory is 22% more than the opening inventory. Direct material price variance and direct labor efficiency variances are zero.

REQUIRED:

a) Total Actual Hours worked

b) Actual Quantity (ounces) of DM used in Production

c) Material Quantity Variance ($)

d) Standard Price ($) per ounce of Direct material

e) Actual rate ($) per Labor Hour

f) Labor Rate Variance ($)

g) Actual Price ($) per ounce of Direct material

h) Total Actual Prime Cost Incurred ($)