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The standard cost sheet for a product is shown. Manufacturing Costs Standard price Standard Quantity Standard Cost per unit Direct materials $4.70 per pound 5.70
The standard cost sheet for a product is shown.
Manufacturing Costs | Standard price | Standard Quantity | Standard Cost per unit | |
Direct materials | $4.70 per pound | 5.70 pounds | $ | 26.79 |
Direct labor | $12.02 per hour | 2.30 hours | $ | 27.65 |
Overhead | $2.30 per hour | 2.30 hours | $ | 5.29 |
$ | 59.73 |
The company produced 3,000 units that required:
17,600 pounds of material purchased at $4.55 per pound
6,840 hours of labor at an hourly rate of $12.42 per hour
Actual overhead in the period was $16,330
Fill in the Budget Performance Report for the period. Some amounts are provided. Round your answers to the nearest dollar. However, do not round your intermediate calculations.
Budget Performance Report | |||
---|---|---|---|
Manufacturing Costs: 3,000 units | Actual Costs | Standard Costs | Variance (Favorable)/ Unfavorable |
Direct materials | $80,080 | $ | $ |
Direct labor | 82,938 | ||
Overhead | 16,330 | fill in the blank c13dc808ffaff9e_5 | |
$ | $ | $2,185 |
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