Question

Standards (for a planned level of production of 2,200 units per month)

Direct Materials: Yards per costume12.50yards,, Price per yard $26.00average

Direct Labor: D.L. Hours per costume 62.00hours,, D.L. Rate per hour $44.50average

Variable MOH standard rate per direct labor hour $4.35per D.L. hour,,Fixed MOH standard rate per direct labor hour $9.47per D.L. hour,,Total Budgeted Fixed MOH (for 1 month) $ 1,250,000

Actual cost and data from the current month:

Actual number of yards of materials purchased 28,500

Actual cost of materials purchased $ 810,000 $28.42per yd

Actual number of yards used in production 27,350

Actual number of costumes produced 2,300

Actual direct labor hours 133,500

Actual direct labor cost $5,500,000 $41.20per hr

Actual variable MOH (in total) $665,000

Actual fixed MOH (in total) $1,488,000

Direct Labor
Actual			Actual Input Quantity				Flexible
Cost			x Budgeted (Std) Rate				Budget (Applied)
price variance					Efficiency Variance
		Flexible Budget (TOTAL) Variance

GREEN is unfavorable or Favorable and Yellow is where the answer goes

Answer 1

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