Question
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
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.
| Standard Cost Card | ||
| Direct materials (8 pounds at $5 per pound) | $40.00 | |
| Direct labor (0.70 hours at $10) | 7.00 | |
| Variable overhead (0.70 hours at $3 per hour) | 2.10 | |
| Fixed overhead (0.70 hours at $7 per hour) | 4.90 | |
| $54.00 |
The following is a variance report for the most recent period of operations.
| Variances | ||||||||
| Costs | Total Standard Cost | Price | Quantity | |||||
| Direct materials | $410,000 | $6,570 | F | $9,700 | U | |||
| Direct labor | 71,750 | 4,600 | U | 6,100 | U
| |||
| How many units were produced during the period? | ||||||||
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Auditing Humor And Other Oxymorons
Authors: Mr Mike Jacka
1st Edition
0991280903, 978-0991280902
