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You have been given the following information about the production of Usher Co, and are asked to provide the plant manager wit information for a
You have been given the following information about the production of Usher Co, and are asked to provide the plant manager wit information for a meeting with the vice president of operations. Direct materials (7 pounds at $5 per pound) Direct labor (0.80 hours at $10) Variable overhead (0.80 hours at $5 per hour) Fixed overhead (0.80 hours at $8 per hour) Standard Cost Card $35.00 8.00 4.00 6.40 $53.40 The following is a variance report for the most recent period of operations. Variances Costs Direct materials Direct labor Total Standard Cost Price Quantity $409,500 $8.386 F $9.800 U 93,600 5.035 U 7.100 U What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, eg. 1.25) Actual cost per pound of raw materials $ What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, eg. 1.25,) Actual rate paid per direct labor hour $ /hr
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