Variances Costs Total Standard Cost Price Quantity (a) You have been given the f

Question

Variances

Costs

Total Standard Cost

Price

Quantity

(a)

You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations.
Standard Cost Card Direct materials (6 pounds at $5 per pound) $30.00 Direct labor (0.70 hours at $6) 4.20 Variable overhead (0.70 hours at $3 per hour) 2.10 Fixed overhead (0.70 hours at $8 per hour) 5.60 $41.90
The following is a variance report for the most recent period of operations.

Variances

Costs

Total Standard Cost

Price

Quantity

Direct materials $409,000 $5,970 F $9,100 U Direct labor 57,259 4,400 U 7,500 U

Explanation / Answer

Number of units were produced during the period = Total Standard material Cost / Standard Cost per unit

Number of units were produced during the period = 409000/30

Number of units were produced during the period = 13,633

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