Question
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 CardDirect materials (7 pounds at $5 per pound)$35.00Direct labor (0.80 hours at $10)8.00Variable overhead (0.80 hours at $5 per hour)4.00Fixed overhead (0.80 hours at $8 per hour)6.40$53.40
The following is a variance report for the most recent period of operations.
Variances
Costs
Total Standard Cost
Price
Quantity
Direct materials$409,500$8,386F$9,800UDirect labor93,6005,035U7,100U
- How many units were produced during the period?
- How many pounds of raw materials were purchased and used during the period?
- What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.)
- How many actual direct labor hours were worked during the period?
- What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.)
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