Question
The following data for O'Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted. Fill in
The following data for O'Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted. Fill in the missing amounts.
Direct materials (all materials purchased were used during period) Standard cost per unit: Answer
0.00 points out of 1.00
pounds at $3.20 per pound Total actual cost: Answer
0.00 points out of 1.00
pounds costing $5,681 Standard cost allowed for units produced: $5,760 Materials price variance: $Answer
0.00 points out of 1.00
AnswerFU Materials quantity variance: $160 U Direct labor Standard cost: 2 hours at $7.00 Actual cost per hour: $7.35 Total actual cost: $Answer
0.00 points out of 1.00
Labor rate variance: $Answer
0.00 points out of 1.00
AnswerFU Labor efficiency variance: $140 U Variable overhead Standard costs: Answer
0.00 points out of 1.00
hours at $4.00 per direct labor hour Actual cost: $2,240 Variable overhead spending variance: $Answer
0.00 points out of 1.00
AnswerFU Variable overhead efficiency variance: $Answer
0.00 points out of 1.00
AnswerFU
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