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You have been given the following information about the production of Gamma Co., and are asked to provide the plant manager with Information for
You have been given the following information about the production of Gamma 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 (5.60 kg at $3.00 per kilogram) $16.80 Direct labour (0.50 hours at $5.00) 2.50 Variable overhead (0.50 hours at $3.00 per hour) 1.50 Fixed overhead (0.50 hours at $7 per hour) 3.50 $24.30 The following is a production report for the most recent period of operations: Variances Costs Total Standard Cost Price/Rate Spending/ Quantity Budget Efficiency Volume Direct materials $369.600 $6,307 F $8,820 U Direct labour 55,000 3,080 U 6,600 U Variable overhead 33,000 $1,170 F Fixed overhead 77,000 420 F $13.650 U (a) Your answer is correct How many units were produced during the period?
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