The FeelGood Company manufactures vitamins. Feel-Good has prepared the following budget for producing one bottle of Vitamin

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The FeelGood Company manufactures vitamins. Feel-Good has prepared the following budget for producing one bottle of Vitamin C; each bottle contains 100 tablets, and each tablet contains 500 mg. of Vitamin C.
Materials .... 52,500 mg. @ $0.0001 per mg.
Labor ...... 6 minutes @ $12.00 per hour

For the most recent month, FeelGood produced 2,500 bottles of Vitamin C and reported the following variance data:
Materials price variance ..... $ 3,000 F
Materials quantity variance ... $ 1,875 U
Labor price variance ..... $ 188 F
Labor quantity variance .... $ 180 U

Required:
a. What was the actual quantity of materials (in mg) used during the most recent month?
b. What was the actual price paid for materials (per mg) during the most recent month?
c. What was the actual quantity of labor (in hours) used during the most recent month?
d. What was the actual price paid (per hour) for labor during the most recent month?

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Related Book For  book-img-for-question

Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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