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Unformatted text preview: ounds to production. b. The firm purchased 25 tons (50,000 pounds) of trim at $4.80 per pound and issued 50,000 pounds to production. c. The direct labor payroll was 31,000 hours at $5.75 per hour. d. Overhead costs were $151,000, of which $60,500 were fixed. e. The firm produced 6,000 desks during February. 1. What is the standard cost of one child’s desk? Answer: __________________________ 2. What is the Direct Materials Price Variance for wood? Answer: 3. What is the Direct Labor Quantity or Efficiency Variance? Answer: 4. What is the Variable Overhead Efficiency Variance? Answer: 5. What is the Fixed Overhead Volume Variance? Answer:...
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This test prep was uploaded on 04/03/2014 for the course MGMT 201 taught by Professor Rowe during the Spring '08 term at Purdue.
- Spring '08