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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Exercise 24-09 a-e (Part Level Submission) 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 $20.00 Direct materials (5 pounds at $4 per pound) Direct labor (0.80 hours at $10) Variable overhead (0.80 hours at $3 per hour) Fixed overhead (0.80 hours at $7 per hour) 8.00 2.40 5.60 $36.00 The following is a...
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 (5 pounds at $4 per pound) $20.00 Direct labor (0.80 hours at $10) 8.00 Variable overhead (0.80 hours at $3 per hour) 2.40 Fixed overhead (0.80 hours at $7 per hour) 5.60 $36.00 The following is a variance report for the most recent...
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 (8 pounds at $5 per pound) $40.00 Direct labor (0.70 hours at $10) 7.00 Variable overhead (0.70 hours at $3 per hour) 2.10 Fixed overhead (0.70 hours at $7 per hour) 4.90 $54.00 The following is a variance report for the most recent...
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. Direct materials (8 pounds at $4 per pound) Direct labor (0.70 hours at $10) Variable overhead (0.70 hours at $5 per hour) Fixed overhead (0.70 hours at $7 per hour) Standard Cost Card $32.00 7.00 3.50 4.90 $47.40 The following is a variance report for the most recent...
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 (6 pounds at $5 per pound) $30.00 Direct labor (0.70 hours at $10) 7.00 Variable overhead (0.70 hours at $4 per hour) 2.80 Fixed overhead (0.70 hours at $9 per hour) 6.30 $46.10 The following is a variance report for the most recent...
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