Question

Sweetly Sent, Inc., manufactures scented pillar candles. Its standard cost information for the month of February follows:


Sweetly Sent has the following actual results for the month of February:
Number of units produced and sold ....... 38,500
Number of ounces of wax purchased and used ... 583,000
Cost of wax used .............. $ 37,895
Number of labor hours worked ......... 9,900
Direct labor cost .............. $136,620
Variable overhead cost ............ $ 3,630
Fixed overhead cost ............. $ 9,900

Required:
Calculate the following for Sweetly Sent:
1. Direct materials price, quantity, and spending variances.
2. Direct labor rate, efficiency, and spending variances.
3. Variable overhead rate, efficiency, and spendingvariances.


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  • CreatedFebruary 27, 2015
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