Lesson #7, Assignment #2

Lesson #7, Assignment #2 - Student Name: Class: Problem...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Student Name: Class: Problem 10-30 VITALITE, INC. Computations 1. Total standard cost for units produced during August: Total standard cost for units $21,000 Less standard cost of labor and overhead: Direct labor 8,000 Variable manufacturing overhead (1,600) Standard cost of materials $11,400 Correct! 2. Yards of material required at standard per kit: Standard cost of materials $11,400 Number of units produced 500 Standard cost per kit $22.80 Standard cost per yard 6.00 Yards per kit 3.8 Correct! 3. Materials price variance for August: Actual cost of material used $10,000 Standard cost of material used 11,400 Total variance $1,400 Favorable Price variance $2,000 Favorable Quantity variance 600 Unfavorable Total variance $1,400 Favorable Correct! 4. Standard direct labor rate per hour: Standard mfg. variable overhead cost $1,600 Standard mfg. variable overhead cost per direct labor hour $2 Standard direct labor-hours 800 Total standard labor cost 8,000 Direct labor-hours $10 Correct!
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
5 VITALITE, INC. Labor Rate Variance
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/06/2011 for the course COMM 611 taught by Professor Mark during the Spring '11 term at Antelope Valley College.

Page1 / 3

Lesson #7, Assignment #2 - Student Name: Class: Problem...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online