Dorantes Manufacturing Company uses a standard cost system. In 2010, 28,000 unit

Question

Dorantes Manufacturing Company uses a standard cost system. In 2010, 28,000 units were produced. Each unit took several pounds of direct materials and 11/2 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,000 direct labor hours. During the year, 131,000 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year.

If the materials price variance was $2,620 favorable, what was the standard materials price per pound?

$ per pound. (Round answer to 2 decimal places, e.g. 10.50.)

If the materials quantity variance was $4,700 unfavorable, what was the standard materials quantity per unit?

pounds per unit.(Round answer to 1 decimal place, e.g. 10.5.)

What were the standard hours allowed for the units produced?



If the labor quantity variance was $7,200 unfavorable, what were the actual direct labor hours worked?

actual hours worked

If the labor price variance was $10,650 favorable, what was the actual rate per hour?

$ actual rate per hour. (Round answer to 2 decimal places, e.g. 10.50.)

If total budgeted manufacturing overhead was $350,000 at normal capacity, what was the predetermined overhead rate?

$ predetermined overhead rate per direct labor hour. (Round answer to 2 decimal places, e.g. 10.50.)

What was the standard cost per unit of product?

$ standard cost per unit. (Round answer to 2 decimal places, e.g. 10.50.)

How much overhead was applied to production during the year?

$ overhead applied

Using one or more answers above, what were the total costs assigned to work in process?

$

Explanation / Answer

Standard material cost + standard laborcost + predetermined manufacturing overhead $0.94 x 4.50pounds + $12.00 x 1.50hours + $7.00 x 1.50 = $4.23 + $18.00 + $10.50 = $32.73 standard cost per unit 42,600 x $7.00 = $298,200 Units produced x Standard cost per unit 28,000 x32.73 = $916,440

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.