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You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a
You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations. Standard Cost Card $36.00 8.00 Direct materials (9 pounds at $4 per pound) Direct labor (0.80 hours at $10) Variable overhead (0.80 hours at $3 per hour) Fixed overhead (0.80 hours at $8 per hour) 2.40 6.40 $52.80 The following is a variance report for the most recent period of operations. The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Direct materials F $406,800 90,400 $5,200 3,884 Quantity $9,200 U 6,700 U Direct labor U How many units were produced during the period? Number of units How many pounds of raw materials were purchased and used during the period? Raw material pounds e Textbook and Media What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.) Actual cost per pound of raw materials $ /lb How many actual direct labor hours were worked during the period? Actual direct labor hours hours e Textbook and Media What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) Actual rate paid per direct labor hour $ /hr
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