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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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