Exercise 23-9 (Part Level Submission) You have been given the following informat

Question

Exercise 23-9 (Part Level Submission)

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.

The following is a variance report for the most recent period of operations.

Variances

Costs

Total Standard Cost

Price

Quantity

How many actual direct labor hours were worked during the period? (Round answer to 0 decimal places, e.g. 125.)

Standard Cost Card Direct materials (9 pounds at $4 per pound) $36.00 Direct labor (0.80 hours at $7) 5.60 Variable overhead (0.80 hours at $3 per hour) 2.40 Fixed overhead (0.80 hours at $8 per hour) 6.40 $50.40

Explanation / Answer

Labor efficiency variance = [SR*AH] -standard cost

          6600     = [7*AH]-63314

         6600+ 63314 = 7 AH

             69914/7 =AH

Actual hours = 9987.71   [Rounded to 9988 ]

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