Ninna Company manufactures wooden shelves. An accountant for Ninna just completed the variance report for the current month. After printing the report, his computer’s hard drive crashed, effectively destroying most of the actual results for the month. The accountant remembers that actual production was 250 shelves and that all materials purchased were used in production. The following information is also available:

Using the budget for the current month and the variance report, construct the items below:
a. What was the actual purchase price per square foot of wood?
b. How many labor hours did it actually take to produce each shelf?
c. What was the actual wage rate paid per hour?
d. What was the actual total overhead for themonth?

  • CreatedApril 17, 2014
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