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 $409,600 $8,378 F $9,300 U Direct labor 71,680 3,869 U 5,700 U How many pounds of raw materials were purchased and used during the period? Raw material pounds
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