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You have been given the following information about the production of Sunland Co., and are asked to provide the factory manager with information for a
You have been given the following information about the production of Sunland 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 (5.40 kg at $3.40 per kilogram) $18.36 Direct labour (0.80 hours at $4.20) 3.36 Variable overhead (0.80 hours at $3.40 per hour) 2.72 ho Fixed overhead (0.80 hours at $7.00 per hour) 5.60 $30.04 The following is a production report for the most recent period of operations: Variances Total Standard Cost Spending/ Budget Quantity Efficiency Costs Price/ Rate Volume $359,856 Direct materials $5,436 F $9,792 U 65,856 4,265 U Direct labour 5,796 U $1,070 53,312 F ? Variable overhead $13,790 410 F U 109,760 Fixed overhead What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, e.g. 15.25.) Actual rate $ /hr What was the actual variable overhead cost incurred during the period? Actual variable overhead $ 123 What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ What were the master budget hours for fixed overhead? Master budget hours hours
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