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The following data are given for Harry Company: Budgeted production 1,094 units Actual production Materials: Standard price per ounce Standard ounces per completed unit
The following data are given for Harry Company: Budgeted production 1,094 units Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs 931 units $1.854 10 9,589 $19,657 $14.61 per hour 4.1 4,795 $77,919 $1,016,000 $27.00 per standard labor hour $134,260
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