You have been given the following information about the production of Blossom Co., and are asked...
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You have been given the following information about the production of Blossom Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Direct materials (5.20 kg at $3.40 per kilogram) A Direct labour (0.70 hours at $4.30) Variable overhead (0.70 hours at $3.40 per hour) Fixed overhead (0.70 hours at $6.00 per hour) Standard Cost Card $17.68 3.01 2.38 4.20 $27.27 The following is a production report for the most recent period of operations: Costs Direct materials Direct labour Variable overhead Fixed overhead Total Standard Cost $332,384 56.588 44,744 78,960 Price/ Rate $5,034 F 2,902 U Variances Spending/ Budget $1.090 F 400 F Quantity/ Efficiency $9,928 U 5,805 U 2 Volume $11,580 U Number of units produced (b) e Textbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 2 ✓ Your answer is correct. 18800 How many kilograms of raw material were purchased and used during the period? Raw materials purchased 100680 kilograms 0.257 10 Attempts: 1 of 3 u What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, e.g. 15.25.) Actual cost per kilogram eTextbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 2 * (d) Your answer is correct 3.35 /kg How many actual direct labour hours were worked during the period? Actual direct labour hours. 14510 hours Attempts: 1 of 3 u What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, e.g. 15.25.) Actual rate $ 4.5 /hr What was the actual variable overhead cost incurred during the period? Actual variable overhead $ You have been given the following information about the production of Blossom Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Direct materials (5.20 kg at $3.40 per kilogram) A Direct labour (0.70 hours at $4.30) Variable overhead (0.70 hours at $3.40 per hour) Fixed overhead (0.70 hours at $6.00 per hour) Standard Cost Card $17.68 3.01 2.38 4.20 $27.27 The following is a production report for the most recent period of operations: Costs Direct materials Direct labour Variable overhead Fixed overhead Total Standard Cost $332,384 56.588 44,744 78,960 Price/ Rate $5,034 F 2,902 U Variances Spending/ Budget $1.090 F 400 F Quantity/ Efficiency $9,928 U 5,805 U 2 Volume $11,580 U Number of units produced (b) e Textbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 2 ✓ Your answer is correct. 18800 How many kilograms of raw material were purchased and used during the period? Raw materials purchased 100680 kilograms 0.257 10 Attempts: 1 of 3 u What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, e.g. 15.25.) Actual cost per kilogram eTextbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 2 * (d) Your answer is correct 3.35 /kg How many actual direct labour hours were worked during the period? Actual direct labour hours. 14510 hours Attempts: 1 of 3 u What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, e.g. 15.25.) Actual rate $ 4.5 /hr What was the actual variable overhead cost incurred during the period? Actual variable overhead $
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Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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