Question

Exercise 24-09

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 (7 pounds at $5 per pound) $35.00

Direct labor (0.80 hours at $10) 8.00

Variable overhead (0.80 hours at $5 per hour) 4.00

Fixed overhead (0.80 hours at $7 per hour) 5.60

$52.60

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

Variances

Costs

Total Standard Cost

Price

Quantity

Direct materials $406,000 $4,154 F $9,400 U

Direct labor 92,800 4,008 U 7,400 U

Correct answer. Your answer is correct.

   

How many units were produced during the period?

Number of units

11600

Incorrect answer. Your answer is incorrect.  Try again.

   

How many pounds of raw materials were purchased and used during the period?

Raw material

Entry field with incorrect answer

11481.31 pounds

Incorrect answer. Your answer is incorrect.  Try again.

   

What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.)

Actual cost per pound of raw materials

$Entry field with incorrect answer

35 /lb

Incorrect answer. Your answer is incorrect.  Try again.

   

How many actual direct labor hours were worked during the period?

Actual direct labor hours

Entry field with incorrect answer

11600

 hours

Incorrect answer. Your answer is incorrect.  Try again.

   

What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.)

Actual rate paid per direct labor hour

$Entry field with incorrect answer

83.45/hr

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Answer 1

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