Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a

image text in transcribed
image text in transcribed
image text in transcribed
You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations, Direct materials (9 pounds at $5 per pound) Direct labor (0.80 hours at $10) Variable overhead (0.80 hours at $5 per hour) Fixed overhead (0.80 hours at $7 per hour) Standard Cost Card $45.00 8.00 4.00 5.60 $62.60 The following is a variance report for the most recent period of operations. Costs Direct materials Direct labor Total Standard Cost $410,400 72.960 Variances Price Quantity $8.398 F 59.500 3.968 U 6,400 How many pounds of raw materials were purchased and used during the period? Raw material 83980 pounds e Textbook and Media What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, eg. 1.25.) Actual cost per pound of raw materials $ 4.9 716 eTextbook and Media Ast How many actual direct labor hours were worked during the period? Actual direct labor hours hours What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) $ /hr Actual rate paid per direct labor hour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting International Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

6th Edition

978-0470623275

More Books

Students also viewed these Accounting questions

Question

Aware of the role of HRM in multinational corporations.

Answered: 1 week ago