How many units were produced during the period how many


You have been given the following information about the production of Horatio Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations.

Direct materials (5 pounds at $4 per pound)

$20.00

Direct labor (0.8 hours at $10)

8.00

Variable overhead (0.8 hours at $3 per hour)

2.40

Fixed overhead (0.8 hours at $7 per hour)

5.60

 Standard Cost Card Variances

$36.00

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

Costs

Total Standard Cost

Price

Quantity

Direct materials

$405,000

$5,175 F

$9,000 U

Direct labor

180,000

3,840 U

6,000 U

Instructions

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

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

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

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

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

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Cost Accounting: How many units were produced during the period how many
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Anonymous user

4/8/2016 4:56:58 AM

You have been specified the subsequent information about the production of Horatio Co., and are asked to provide the plant manager by information for a meeting through the vice president of operations. (a) How many units were created during the period? (b) How many pounds of raw materials were acquired and used during the period? (c) What was the actual cost per pound of raw substances? (d) How many actual through labor hours were worked during the period?