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You have been given the following information about the production of Blossom Co., and are asked to provide the factory manager with information for
You have been given the following information about the production of Blossom Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Direct materials (5.20 kg at $3.40 per kilogram) A Direct labour (0.70 hours at $4.30) Variable overhead (0.70 hours at $3.40 per hour) Fixed overhead (0.70 hours at $6.00 per hour) Standard Cost Card $17.68 3.01 2.38 4.20 $27.27 The following is a production report for the most recent period of operations: Costs Direct materials Direct labour Variable overhead Fixed overhead Total Standard Cost $332,384 56.588 44,744 78,960 Price/ Rate $5,034 F 2,902 U Variances Spending/ Budget $1.090 F 400 F Quantity/ Efficiency $9,928 U 5,805 U 2 Volume $11,580 U Number of units produced (b) e Textbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 2 Your answer is correct. 18800 How many kilograms of raw material were purchased and used during the period? Raw materials purchased 100680 kilograms 0.257 10 Attempts: 1 of 3 u What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, e.g. 15.25.) Actual cost per kilogram eTextbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 2 * (d) Your answer is correct 3.35 /kg How many actual direct labour hours were worked during the period? Actual direct labour hours. 14510 hours Attempts: 1 of 3 u What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, e.g. 15.25.) Actual rate $ 4.5 /hr What was the actual variable overhead cost incurred during the period? Actual variable overhead $
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