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