Question: Dephart produces walarmo s. Variable is applied based on direct labor hours. Dephart expects production for the coming period to be 1170 units. At that
Dephart produces walarmos. Variable is applied based on direct labor hours. Dephart expects production for the coming period to be 1170 units. At that level of activity, variable overhead is expected to be $4680. It should take 4 direct labor hours to produce 1 walarmo. Actual results are as follows: Number of walarmos produced: 1300 Actual direct labor hours: 5720 Actual variable overhead cost: $6292 1. Complete the following standard cost sheet:
| Quantity | @ | Price | Total | |
| Direct materials | 6 pounds | $4.00 | $24.00 | |
| Direct labor | 4 hours | $15.00 | $60.00 | |
| Variable Overhead | 4 hours | $ | $ | |
| Standard Unit Cost | $ |
What would be in a flexible budget for materials cost? What would be in a flexible budget for labor cost? What would be in a flexible budget for variable overhead cost?
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