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

		Standard Cost Card
Direct materials (5.20 kg at $3.20 per kilogram)		$16.64
Direct labour (0.70 hours at $4.00)		2.80
Variable overhead (0.70 hours at $3.20 per hour)		2.24
Fixed overhead (0.70 hours at $7.00 per hour)		4.90
		$26.58

The following is a production report for the most recent period of operations:

				Variances
Costs		Total Standard Cost		Price/ Rate			Spending/ Budget			Quantity/ Efficiency			Volume
Direct materials		$334,464		$5,366	F					$8,960	U
Direct labour		56,280		3,086	U					5,440	U
Variable overhead		45,024					$1,280	F		?
Fixed overhead		98,490					420	F					$13,930	U

How many units were produced during the period?

Number of units produced

enter the number of units produced

How many kilograms of raw material were purchased and used during the period?

Raw materials purchased

enter the raw materials purchased in kilograms

kilograms

What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, e.g. 15.25.)

Actual cost per kilogram

$enter the actual cost per kilogram in dollars rounded to 2 decimal places /kg

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

Actual direct labour hours

enter the actual direct labour hours

hours

What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, e.g. 15.25.)

Actual rate

$enter the actual rate per hour in dollars rounded to 2 decimal places /hr

What was the actual variable overhead cost incurred during the period?

Actual variable overhead

$enter the actual variable overhead in dollars

What is the total fixed overhead cost in the companys master budget?

Budgeted fixed cost

$enter the budgeted fixed cost in dollars

What were the master budget hours for fixed overhead?

Master budget hours

enter a number of master budget hours

hours