You are a recent addition to the management team who has experience in preparing and explaining variance reports. The accountant was preparing some information for the next meeting when the computer system crashed after he has printed out the following information.

STANDARD COST CARD

Direct materials; 6 pounds at $3 per pound	$ 18.00
Direct labor; 0.8 direct labor-hours at $15 per DLH	12.00
Variable overhead; 0.8 direct labor hours at $3 per DLH	2.40
Fixed overhead; 0.8 direct labor hours at $7 per DLH	5.60
Standard cost per unit	$38.00

Variance Reported

	Total Standard Cost *	Price or Rate	Spending or Budget	Quantity or Efficiency	Volume
Direct materials	405,000	6,900F		9,000U
Direct labor	270,000	14,500U		21,000U
Variable overhead	54,000		1,300F	?
Fixed overhead	126,000		500F		14,000U

*Cost applied to WIP during the period

? Entry did not print.

The manufacturing overhead cost is applied to production on the basis of direct labor hours (DLH) and all the material purchased during the period was used in production as the company uses a JIT system.

Required

You have been asked by the accountant to provide the following information. Show your calculations.

1. How many units were produced in the last period? (2 Marks)
2. How many pounds of direct material were purchased and used in production? (2 Marks)
3. What was the actual cost per pound of material? (2 Marks)
4. Standard quantity of direct materials allowed (in pounds) (2 Marks)
5. How many actual direct labor-hours were worked during the period? (2 Marks)
6. What was the actual wage rate paid per direct labor-hour? (2 Marks)
7. How much actual variable manufacturing overhead cost was incurred during the period? (2 Marks)
8. What is the total fixed manufacturing overhead cost in the companys flexible budget? (2 Marks)
1. What were the denominator direct labor-hours for the last period?

(2 Mark