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Please help with this question This is the only part that I am having issues with TRICO COMPANY Standard Unit Costs Pounds Hours Unit Cost
Please help with this question
This is the only part that I am having issues with
TRICO COMPANY Standard Unit Costs Pounds Hours Unit Cost Total 4.00 $ Direct materials Direct labor Factory overhead-variable Factory overhead - fixed Total standard cost 120 70 40 50 280 30 14.00 8.00 10.00 Operating volume as percentage of productive capacity per quarter Productive capacity per quarter in units 80% 60,000 TRICO COMPANY Flexible Budget Information Operating Levels 80% 70% 90% Production in units Standard direct labor hours Budgeted overhead 42,000 210,000 48,000 240,000 54,000 270,000 $ 2,400,000 $ 2,400,000 $ 2,400,000 Variable factory overhead $ 1,680,000 $ 1,920,000 $ 2,160,000 Fixed factory overhead TRICO COMPANY Standard Unit Costs for 54,000 units 90% Capacity Total Pounds 1,620,000 Hours Unit Cost Direct material Direct labor Factory overhead Total standard cost 4.00 $ 6,480,000 3,780,000 8.00 4860,000 $15.120,000 14.00 270,000 $ 270,000 Actual costs incurred during quarter: Total Pounds 1,615,000 Hours Unit Cost Direct material Direct labor Fixed factory overhead Variable factory overhead Total actual cost 4.10 $ 6,621.500 13.75 3,643,750 2,350,000 2,200,000 $14,815,250 265,000 $ heck figures (1) Materials variances Price Quantity $ 161,500 U 20,000 F (2) Labor variances Rate Efficiency $ 66,250F 70,000 FStep by Step Solution
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