Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 Jul 2017 My Price 11.00

Adler Co.,

You have been given the following information about the production of Adler 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 $3 per pound)

$18.00

Direct labour (0.8 hours at $5)

4

Variable overhead (0.8 hours at $3 per hour)

2.4

Fixed overhead (0.8 hours at $7 per hour)

5.6
 

$30.00

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

   

Variances

Costs

Total Standard Cost

Price

Quantity

Direct materials

$405,000

$6,900 F

$9,000 U

Direct labour

90,000

4,850 U

7,000 U

Instructions

(a) How many units were produced during the period?

(b) How many pounds of raw material were purchased and used during the period?

(c) What was the actual cost per pound of raw materials?

(d) How many actual direct labour hours were worked during the period?

(e) What was the actual rate paid per direct labour hour?

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Jul 2017 06:07 PM My Price 11.00

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