e a O Grades for Dajan Findley. A B Hw 10 x b how to snapshot on window + v E 0
ID: 2788765 • Letter: E
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e a O Grades for Dajan Findley. A B Hw 10 x b how to snapshot on window + v E 0 eztonheciucation.com/hmtpx?_-0.9015001239969036_1511099325616 - E X I * = L + ... Required: 1 How many units were produced last periodº Number of units produced 2 How many pounds of direct material were purchased and used in production? Pounds of direct matorial were purchased and used in production 3. What was the actual cost per pound of material? (Round your answer to 2 decimal places.) Actual cost per pound 4. How mariy actual direct labor-hours were worked during the period? Actual direct labor hours 5. What was the actual rale paid per died labor-hour? (Round your answer to 2 decimal places.) Actual rate per direct labor hour 6. How much actual variable manufacturing overhead cost was incurred during the period?Explanation / Answer
Standard cost of direct materials to produce 1 unit = 3564
Total standard cost of all units produced last year = 677160
Total units produced last year = 677160/3564 = 190
2. How many pounds of direct material were purchased and used in production?
Total standard cost of all units produced last year = 677160
Standard Rate per pound = 16.20
Total pounds of direct material purchased and used = 677160/16.20 = 41800
3. What was the actual cost per pound of material?
Total standard cost = 677160
Variance due to price or rate was favorable by an amount of = 12702
Variance due to quantity or efficiency was unfavorable by an amount of = 32400
Actual cost = 677160 – 12702 + 32400 = 696858
Total pounds of direct material purchased and used = 41800
Actual cost per pound = 696858/41800 = 16.67
4. How many actual direct labor-hours were used?
Total Standard cost for direct labor = 292600
Standard Rate per hour for direct labor = 15.4
Direct labor hours = 292600/15.4 = 19000
Total Standard cost for variable manufacturing overhead = 182400
Standard Rate per hour of direct labor for variable manufacturing overhead = 9.6
Direct labor hours = 182400/9.6 = 19000
Actual direct labor hours used = 19000+19000 = 38000
5..What was the actual rate paid per direct labor hour?
Total standard cost = 292600
Variance due to price or rate was unfavorable by an amount of = 4000
Variance due to quantity or efficiency was unfavorable by an amount of = 15400
Actual cost = 292600 + 4000 + 15400 = 312000
Total no of direct labor hours used = 19000
Actual rate paid per hour = 312000/19000 = 16.42
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