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Talia Company produces a single product. The company has set standards as follows for materials and labour Direct Materials ? kilograms ? per kilogram Direct
Talia Company produces a single product. The company has set standards as follows for materials and labour Direct Materials ? kilograms ? per kilogram Direct Labour Standard quantity or hours per unit Standard price or rate. Standard cost per unit 1.25 hours $10 per hour $11.25 During the past month, the company purchased 3,000 kilograms of direct materials at a cost of $8,250. A|| of this material was used in the production of 700 units of product. Direct labour cost totalled $6,825 for the month. The following variances have been computed: Materials quantity variance Total materials variance Labour efficiency variance 600 U 150 F $2,250 F Required 1. Compute the following for direct labour. Standard price per kilogram for materials. b. Standard quantity allowed for materials for the month's production. a kgs Standard quantity of materials allowed per unit of product. |kgs per unit. C 2. Compute the following for materials price variance. (Round your answers to 2 decimal places.) Actual direct labour cost per hour for the month b. Labour rate variance a
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