Question

The following information is available for Lowham Company:
Direct materials price variance .................................................. $ 9,000 U
Direct materials usage variance ................................................. 6,000 U
Direct labor price variance ......................................................... 1,300 U
Direct labor usage variance ................................................... 3,000 U
During the period, 4,500 pounds of direct materials costing $ 99,000 were purchased and used, 3,250 direct labor hours were worked at a total cost of $ 40,300, and 2,000 finished units were produced.
Required
A. Compute the actual cost per pound of materials purchased and used.
B. Compute the actual cost per direct labor hour.
C. Compute the standard cost per pound of materials used.
D. Compute the standard cost per direct labor hour.
E. Compute the standard number of pounds of materials per unit of finished product.
F. Compute the standard number of direct labor hours per unit of finished product.


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  • CreatedMarch 25, 2015
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