Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operational Auditing An Introduction With Suggested Answers To Discussion Questions

Authors: Darwin J. Casler

1st Edition

0894130978, 978-0894130977

More Books

Students also viewed these Accounting questions

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago

Question

Explain the principles of delegation

Answered: 1 week ago

Question

State the importance of motivation

Answered: 1 week ago

Question

Discuss the various steps involved in the process of planning

Answered: 1 week ago