Question

Question 4 20 marks Forest Company has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labour- hours. Inputs Direct materials Direct labour Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.0 grams 0.60 hours 0.60 hours Standard Price or Rate $ 6.10 per gram $ 19.80 per hour $ 4.40 per hour The company has reported the following actual results for the product for April: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labour-hours Actual direct labour cost Actual variable overhead cost 5,600 units 48,200 grams $279,560 44,810 grams 3,150 hours $ 64,890 $ 12,915 Required (show your calculations):

Answer 1