Sparky Electric produces a special type of grounded outlet. The outlets are used in areas where water is likely to be present, such as kitchens, bathrooms, outdoor work areas, porches, pool-sides, workshops, and so forth. Sparky Electric has a policy to maintain as little inventory of Materials A and B as possible. For the quarter included in this analysis, there was no beginning or ending inventory of either material. Selected standard cost information is provided below:

The performance report for the third quarter of the year appears as follows (F indicates a favorable variance; U indicates an unfavorable variance):

Required

A. How many units were produced during the quarter?

B. How many pounds of Material A were used during the quarter?

C. What was the actual price paid per pound for Material A during the quarter?

D. How many gallons of Material B were purchased during the quarter?

E. What was the actual price paid per gallon for Material B during the quarter?

F. How many actual labor hours were used during the quarter?

G. What was the actual wage rate per hour during thequarter?

Transcribed Image Text:

COST STANDARDS Material A 2 pounds at $6.00 per pound $12.00 Material B 3 gallons at $3.00 per gallon 9.00 Labor 4 hours at $3.20 per hour 12.80 Total standard unit cost $33.80