Question

Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Materials Per unit Cost 63g per lb. $1.00 per lb. 88d per lb. 1 lb. Metal Plastic Rubber 12 oz. 4 oz Direct labor Cost Per unit Item Labor Predetermined overhead rate based on direct labor hours- $4.22 15 min $8.00 per hr The January figures for purchasing, production, and labor are The company purchased 235800 pounds of raw materials in January at a cost of 77t a pound. Production used 235800 pounds of raw materials to make 119000 units in January. Direct labor spent 18 minutes on each product at a cost of $7.80 per hour Overhead costs for January totaled $53651 variable and $77000 fixed. Answer the following questions about standard costs.

Answer 1

402 = 04516 standand price puv uwitt 077 .83 오35, goox 235,800 x iaJ Price varianti. 6x@3s800-2.ssp (avorabie 238,000 aula vavi s@9,000x1g/w).(9.e-g):$귀HOC av alle.) variauce- Price variante + Quatityvavianti