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 (9 pounds at $5 per pound) | $45.00 | |
Direct labor (0.70 hours at $6) | 4.20 | |
Variable overhead (0.70 hours at $5 per hour) | 3.50 | |
Fixed overhead (0.70 hours at $7 per hour) | 4.90 | |
$57.60 |
The following is a variance report for the most recent period of operations.
Variances | ||||||||
Costs | Total Standard Cost | Price | Quantity | |||||
Direct materials | $409,000 | $5,670 | F | $9,300 | U | |||
Direct labor | 38,174 | 5,100 | U | 6,500 | U |
How many units were produced during the period? (Round answer to 0 decimal places, e.g. 125.)
Number of units |
How many pounds of raw material were purchased and used during the period? (Round answer to 0 decimal places, e.g. 125.)
What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.)
How many actual direct labor hours were worked during the period? (Round answer to 0 decimal places, e.g. 125.)
What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.)
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