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PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $12.35 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 6.18 3.25 3.75 $19.18 Total standard cost per unit The predetermined manufacturing overhead rate is $14 per direct labor hour ($7.00 0.50). It was computed from a master manufacturing overhead budget based on normal production of 2,500 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $16,250 ($6.50 per hour) and total fixed overhead costs of $18,750 ($7.50 per hour). Actual costs for October in producing 4,400 units were as follows Direct materials (4,560 pounds) Direct labor (2,100 hours) Variable overhead Fixed overhead $27,816 26,355 21,558 11,142 $86,871 Total manufacturing costs The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored Compute all of the materials and labor variances. (Round answers to 0 decimal places, e.g. 125. Total materials variance 2192 Unfavorable Materials price variance (1403 Unfavorable Materials quantity variance 6000 Neither favorable nor unfavorable Total labor variance (420 Favorable Labor price variance 4520 Unfavorable Labor quantity variance 4940 Favorable Compute the total overhead variance Total overhead variance 350 Unfavorable Click if you would like to Show Work for this question: Qpen Show Work LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR
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