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You have been given the following information about the production of Nancy Co., and are asked to provide the plant manager with information for
You have been given the following information about the production of Nancy Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations. Standard Cost Card Direct materials (5 pounds at $5 per pound) $25.00 Direct labor (0.9 hours at $10) 9.00 Variable overhead (0.9 hours at $4 per hour) 3.60 Fixed overhead (0.9 hours at $9 per hour) 8.10 $45.70 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Quantity Direct materials $405.000 $8,298 F $9,900 U Direct labor 145.800 4.590 U 7.200 U (a) How many units were produced during the period?
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