Question
In: Accounting
) A partial standard cost card for the single product produced by Macentoch Company is given...
) A partial standard cost card for the single product produced by Macentoch Company is given below:
Direct materials: 3 pounds @ $8 per pound
Direct labor: ? hours @ ? Per hour
Last period the company produced 4,000 units of product. Cost and other data associated with this production are given below:
|
Direct materials purchased and used, at cost |
$103,320 |
||
|
Direct labor cost incurred (10,400 hours) |
$120,640 |
||
|
Materials price variance |
$2,520 |
Unfavorable |
|
|
Labor efficiency variance |
$4,800 |
Unfavorable |
|
|
Total labor variance |
$640 |
Unfavorable |
The direct materials purchases variance is computed when the materials are purchased.
Required:
a. Determine the number of pounds of direct materials purchased and used during the period.
b. Determine the materials quantity variance.
c. Determine the standard direct labor rate per direct labor hour.
d. Determine the standard hours allowed for the production of the period.
Solutions
Thanks,
ekkarill92 answered 1 year agoRelated Solutions
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The (partial) cost sheet for the single product manufactured at
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Direct labor
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$
225
Variable overhead
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18
Fixed overhead
(9 hours @ $4)
36
The master budget level of production is 66,000 direct-labor hours,
which is also the production volume used to compute the fixed
overhead application rate. Other information available for
operations over the past accounting period include the
following.
Actual variable overhead incurred
$
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Actual fixed...
The standard cost card for a product indicates that one unit of the product requires 8...
The standard cost card for a product indicates that one unit of
the product requires 8 kilograms of a raw material at $0.80 per
kilogram. The production of the product in April was 870 units, but
production had been budgeted for 850 units. During April, 7,150
kilograms of the raw material were purchased for $5,577. All the
kilograms of the raw material purchased were used in production.
What was the materials quantity variance?
$152 F
$152 U
$280 F
$280...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost
data for the product are given:
Variable costs per unit:
Direct materials
$
4
Direct labor
10
Variable manufacturing
overhead
2
Variable selling and
administrative
3
Total variable cost per
unit
$
19
Fixed costs per month:
Fixed manufacturing
overhead
$
75,000
Fixed selling and
administrative
166,000
Total fixed cost per month
$
241,000
The product sells for $50 per unit. Production and sales data
for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company
manufactures and sells a single product. Cost data for the product
are given:
Variable costs
per unit:
Direct
materials
$
3
Direct
labor
9
Variable
manufacturing overhead
4
Variable selling
and administrative
1
Total variable
cost per unit
$
17
Fixed costs per
month:
Fixed
manufacturing overhead
$
108,000
Fixed selling
and administrative
166,000
Total fixed cost
per month
$
274,000
The product sells for
$53 per unit. Production and sales data for July and August, the
first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost
data for the product are given:
Variable costs per unit:
Direct materials
$
5
Direct labor
10
Variable manufacturing overhead
3
Variable selling and administrative
3
Total variable cost per unit
$
21
Fixed costs per month:
Fixed manufacturing overhead
$
120,000
Fixed selling and administrative
166,000
Total fixed cost per month
$
286,000
The product sells for $50 per unit. Production and sales data
for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost
data for the product are given:
Variable costs per unit:
Direct materials
$
4
Direct labor
10
Variable manufacturing overhead
3
Variable selling and administrative
2
Total variable cost per unit
$
19
Fixed costs per month:
Fixed manufacturing overhead
$
72,000
Fixed selling and administrative
163,000
Total fixed cost per month
$
235,000
The product sells for $51 per unit. Production and sales data
for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost
data for the product are given:
Variable costs per unit:
Direct materials
$
4
Direct labor
11
Variable manufacturing
overhead
4
Variable selling and
administrative
2
Total variable cost per
unit
$
21
Fixed costs per month:
Fixed manufacturing
overhead
$
90,000
Fixed selling and
administrative
163,000
Total fixed cost per month
$
253,000
The product sells for $47 per unit. Production and sales data
for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost
data for the product are given:
Variable costs per unit:
Direct materials
$
3
Direct labor
11
Variable manufacturing overhead
3
Variable selling and administrative
2
Total variable cost per unit
$
19
Fixed costs per month:
Fixed manufacturing overhead
$
120,000
Fixed selling and administrative
169,000
Total fixed cost per month
$
289,000
The product sells for $49 per unit. Production and sales data
for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost
data for the product are given:
Variable costs per unit:
Direct materials
$
5
Direct labor
11
Variable manufacturing overhead
2
Variable selling and administrative
3
Total variable cost per unit
$
21
Fixed costs per month:
Fixed manufacturing overhead
$
144,000
Fixed selling and administrative
160,000
Total fixed cost per month
$
304,000
The product sells for $47 per unit. Production and sales data
for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost
data for the product are given:
Variable costs per unit:
Direct materials
$
5
Direct labor
10
Variable manufacturing overhead
3
Variable selling and administrative
3
Total variable cost per unit
$
21
Fixed costs per month:
Fixed manufacturing overhead
$
144,000
Fixed selling and administrative
163,000
Total fixed cost per month
$
307,000
The product sells for $48 per unit. Production and sales data
for July and August, the first...
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