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You have been given the following information about the production of Shamrock Co., and are asked to provide the factory manager with information for a
You have been given the following information about the production of Shamrock Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card $18.56 2.30 Direct materials (5.80 kg at $3.20 per kilogram) Direct labour (0.50 hours at $4.60) Variable overhead (0.50 hours at $3.20 per hour) Fixed overhead (0.50 hours at $6.00 per hour) 1.60 3.00 $25.46 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 Direct materials $345,216 $5,536 F $9,088 U Direct labour 42.780 2,134 U 6,302 U Variable overhead 29,760 $1,260 F ? Fixed overhead 55,800 400 F $12,000 V How many units were produced during the period? Number of units produced | How many kilograms of raw material were purchased and used during the period? Raw materials purchased kilograms What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, e.g. 15.25.) Actual cost per kilogram $ /kg How many actual direct labour hours were worked during the period? Actual direct labour hours hours 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 $ 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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