Question: Assignment This company is introducing a standard cost calculation system. Quantity standard price standard Standard cost Direct material cost 3kg 300 900 Direct labor cost

Assignment

This company is introducing a standard cost calculation system.

Quantity standard

price standard

Standard cost

Direct material cost

3kg

300

900

Direct labor cost

6hours

200

1200

Variable manufacturing overhead

6hours

50

300

Fixed Manufacturing Indirect Cost

6hours

30

180

2580

Standard cost per unit of product set by the company

The fixed manufacturing overhead budget is 225,000, The standard operation is also 7,500 hours

Direct Material Related Data.

purchase volume(credit) : 4000kg unit price of purchase price : 310/kg

amount used : 3500kg

Actual amount of direct labor cost : Actual operation time 7400hours

actual rate of wage 210

Actual amount of variable manufacturing overhead costs : 340000

Actual amount of fixed manufacturing overhead costs : 230000

1200 units of finished product, There is no work in hand.

1,100 units were sold on credit. selling price 3500/unit

Question

1. Analyze the differences for each of the following cost elements

4)Differences in budget and operating costs for fixed manufacturing indirect cost

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