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You are a recent graduate of the University of the West Indies and have accepted a position with the leading manufacturer in Grenada. The accountant

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You are a recent graduate of the University of the West Indies and have accepted a position with the leading manufacturer in Grenada. 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 $ 15.00 16.00 Direct materials; 5 pounds at $3 per pound Direct labor, 0.8 direct labor-hours at $20 per DLH Variable overhead; 0.8 direct labor hours at $4 per DLH Fixed overhead; 0.8 direct labor hours at $7 per DLH Standard cost per unit 3.20 5.60 $39.80 Total Standard Cost Variance Reported Price or Spending Rate or Budget Volume Quantity or Efficiency Direct materials 225,000 12,0000 20,500F 18,2750 Direct labor 240,000 25,000F Variable overhead 48,000 4,300U ? Fixed overhead 84,000 5,500U 2,000F *Cost applied to WIP during the period ? Entry did not print *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). The material purchased during the period but remaining as Ending inventory was 3,000 lbs. In the table below complete the following How many units were produced in the last period? How many pounds of direct material were used in production? How many pounds of direct material were purchased during the period.? What was the actual cost per pound of material? $ Standard quantity of direct materials allowed in pounds) is How many actual direct labor-hours were worked during the period? What was the actual wage rate paid per direct labor- hour? How much actual variable manufacturing overhead cost was incurred during the period? What is the total fixed manufacturing overhead cost in the company's flexible budget? What is the Variable overhead Efficiency Variance? $ $ $ $

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