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Standard cost card: Direct materials, 6 pounds at $3 per pound......$18 Direct labor, 0.8 direct labor hours at $15 per dlh.......$12 Variable manufacturing OH, 0.8
Standard cost card: Direct materials, 6 pounds at $3 per pound......$18 Direct labor, 0.8 direct labor hours at $15 per dlh.......$12 Variable manufacturing OH, 0.8 direct labor hours at $3 per dlh...$2.40 Total standard cost* (applied to work in process) Direct materials: $405,000 Direct labor: $270,000 Variable: $54,000 Variences reported: Price or Rate Quant or efficiency Direct materials $6900 F $9000 U Direct labor $14550 U $21,000 U Variable manufacturing OH $1,300 F $? U (entry lost) (Show work) 1) How many units were produced last period? 2) How many pounds of direct material were purchased and used in production? 3) What was the actual cost per pound of material? 4) How many actual direct labor hours were worked during the period? 5) What was the actual rate paid per direct labor hour? 6) How much actual variable manufacturing overhead cost was incurred during the period
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