Chapter 10 Case - Widget A

Chapter 10 Case - Widget A - 4.50 $81,000 Direct labor...

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1 Widget-A: In Class Discussion Problem: Standard Cost Sheet Product: Widget-A Unit: 1 Direct materials 2 lbs. @ $ 4.00 $ 8.00 Direct labor 0.5 hrs. @ $20.00 10.00 Variable overhead 0.5 hrs. @ $ 3.00 1.50 Fixed overhead 0.5 hrs. @ $25.00 12.50 Standard cost per unit $32.00 Additional data: Variable selling, general, and administration $3.00 Fixed selling, general, and administration $2.00 Operating Data Budgeted units of production and sales 10,000 Actual units manufactured and sold 8,000 Selling price per unit (budgeted and actual) $60 per unit Direct materials purchased and used 18,000 lbs. @$
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Unformatted text preview: 4.50 $81,000 Direct labor 3,800 hrs. @$22.00 83,600 Variable overhead 11,800 Fixed overhead 128,000 Total manufacturing cost $304,400 Variable SG&A $24,000 Fixed SG&A 16,000 Total SG&A $ 40,000 PART A: Analyze Flexible Budget Variance and Sales Volume Variance. PART B: Answer the following questions: 1. What is the total standard quantity of materials for the period? 2. What is the total standard materials cost for the period? 3. How many direct labor hours should have been used during the period? 4. What is the total standard direct labor cost for the period? 5. What are the variances?...
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This note was uploaded on 04/03/2012 for the course RSM 222 taught by Professor D.cianflone during the Spring '10 term at University of Toronto- Toronto.

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