Question
You have been given the following information about the production of Tamarisk Co., and are asked to provide the factory manager with information for a
You have been given the following information about the production of Tamarisk 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 (6.00 kg at $3.20 per kilogram) | $19.20 | ||
Direct labour (0.70 hours at $4.50) | 3.15 | ||
Variable overhead (0.70 hours at $3.20 per hour) | 2.24 | ||
Fixed overhead (0.70 hours at $7.00 per hour) | 4.90 | ||
$29.49 |
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 | $374,400 | $5,997 | F | $9,408 | U | |||||||||
Direct labour | 61,425 | 2,990 | U | 5,850 | U | |||||||||
Variable overhead | 43,680 | $1,020 | F | ? | ||||||||||
Fixed overhead | 95,550 | 410 | F | $14,000 | U |
How many actual direct labour hours were worked during the period?
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