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You have been given the following information about the production ofKarenCo., and are asked to provide the factory manager with information for a meeting with

You have been given the following information about the production ofKarenCo., and are asked to provide the factory manager with information for a meeting with the vice president of operations.

Standard Cost Card

Direct materials (9pounds at $4per pound)$36.00Direct labor (0.8hours at $10)8.00Variable overhead (0.8hours at $4per hour)3.20Fixed overhead (0.8hours at $7per hour)5.60$52.80

The following is a variance report for the most recent period of operations.

Variances

Costs

Total Standard Cost

Price

Quantity

Direct materials$410,400$5,250F$9,600UDirect labor91,2004,855U5,900U

(a)

How many units were produced during the period?

Number of unitsenter a number of units

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(b)

How many pounds of raw materials were purchased and used during the period?

Raw material Purchasedenter the number in pounds

pounds

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(c)

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$

enter the actual cost per pound of raw materials in dollars rounded to 2 decimal places

/lb

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(d)

How many actual direct labor hours were worked during the period?

Actual direct labor hoursenter a number of hours

hours

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(e)

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$

enter the actual rate paid per direct labor hour in dollars rounded to 2 decimal places

/hr

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