Question 4 You have been given the following information about the production of Gamma Co., and are asked to provide the plant manager with information for a meeting with the vice-president of operations: Standard Cost Card $16.20 3.00 Direct materials (5.40 kg at $3.00 per kilogram) Direct labour (0.60 hours at $5.00) Variable overhead (0.60 hours at $3.00 per hour) Fixed overhead (0.60 hours at $7 per hour) 1.80 4.20 $25.20 The following is a production report for the most recent period of operations: Costs Volume Total Standard Cost $359,640 66,600 39,960 93,240 Price/ Rate $6,140 F 3,675 U Direct materials Direct labour Variable overhead Fixed overhead Variances Spending/ Quantity/ Budget Efficiency $8,760 U 6,900 U $1,160 F ? 500 F $13,650 U How many units wer produced during the period? Number of units produced How many kilograms of raw material were purchased and used during the period? Raw materials purchased kilograms What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, e.g. 15.25.) Actual cost per kilogram $ /kg How many actual direct labour hours were worked during the period? Actual direct labour hours hours What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, e.g. 15.25.) Actual rate $ /hr What was the actual variable overhead cost incurred during the period? Actual variable overhead What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ What were the master budget hours for fixed overhead? Master budget hours hours