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 (6 pounds at $5 per pound) | $30.00 | |
Direct labor (0.90 hours at $10) | 9.00 | |
Variable overhead (0.90 hours at $4 per hour) | 3.60 | |
Fixed overhead (0.90 hours at $9 per hour) | 8.10 | |
$50.70 |
The following is a variance report for the most recent period of operations.
Variances | ||||||||
Costs | Total Standard Cost | Price | Quantity | |||||
Direct materials | $408,000 | $8,354 | F | $9,700 | U | |||
Direct labor | 122,400 | 6,435 | U | 6,300 | U |
How many units were produced during the period?
Number of units |
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Assistance Used
How many pounds of raw materials were purchased and used during the period?
Raw material | pounds |
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What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.)
Actual cost per pound of raw materials | $ | /lb |
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How many actual direct labor hours were worked during the period?
Actual direct labor hours | hours |
eTextbook and Media
Assistance Used
What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.)
Actual rate paid per direct labor hour | $ | /hr |
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