(1)Standard Quantity or Hours: Direct materials 6 pounds, Direct labor 0.8 hours, Variable manufacturing overhead...
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(1)Standard Quantity or Hours: Direct materials 6 pounds, Direct labor 0.8 hours, Variable manufacturing overhead 0.8 hours (2) Standard Price or Rate: Direct materials $3 per pound, Direct labor $15 per hour, Variable manufacturing overhead $3 per hour (3) Standard Cost (1) (2): Direct materials $ 18.00, $12.00, Variable manufacturing overhead $2.40 Total standard cost per unit= $32.40 Total Standard Cost*- Direct materials ($405,000), Direct labor ($270,000), Variable manufacturing overhead ($54,000) Variances Reported Price or Rate- Direct materials ($6,900 F), Direct labor ($14,550 U), Variable manufacturing overhead ($1,300 F) Quantity or Efficiency- ($9,000 U), Direct labor ($21,000 U), Variable manufacturing overhead ($U?)
How many pounds of direct material were purchased and used in production?
What was the actual cost per pound of material?
How many actual direct labor-hours were worked during the period?
What was the actual rate paid per direct labor-hour?
How much actual variable manufacturing overhead cost was incurred during the period?
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