Question
You have been given the following information about the production of Whispering Winds Co., and are asked to provide the factory manager with information for
You have been given the following information about the production of Whispering Winds 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 (5.60 kg at $3.20 per kilogram) | $17.92 | ||
Direct labour (0.80 hours at $4.50) | 3.60 | ||
Variable overhead (0.80 hours at $3.20 per hour) | 2.56 | ||
Fixed overhead (0.80 hours at $7.00 per hour) | 5.60 | ||
$29.68 |
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 | $378,112 | $6,057 | F | $9,536 | U | |||||||||
Direct labour | 75,960 | 4,560 | U | 6,120 | U | |||||||||
Variable overhead | 54,016 | $1,050 | F | ? | ||||||||||
Fixed overhead | 118,160 | 470 | F | $13,510 | U |
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 |
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