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SEHERCEGRA Meer (20) ALT OM DE VARANCES 1 gare Company uses a standard costing sestem t production of Thingebobs Direct Material Mandard prices $7.00 pound Zach Thungenbe reques 3 pounds of material Ovet Laber The standard direct laborate is $18.00 per h and each thingembobre 3 hours of direct labor During the month, the company authased 6.000 pounds of material $7.30 per pound. The dreit material used during the month was 4.200 pounds 6,450 hoen of direct bor during the month The company atau of $18.30 MATERIAL PURCHASE MATERIAL USAGE LABOR USAGE 50 ACT. QTY 50 ACT MAS ACT PRICE ACT. PATE OMPY 10 DUWV 50 ACE OFF ACT QTY OF MILUSED 50 ACTRE STORATE PRICE STD. PRICE MOV a OLTV D 50 UNITS PRODMLS/ (POUNDS UNITS PROS DERI HOURS STPRICE PER FOUND IDMATE A R24 A 3 4 5 G H Exercise Number (1 ONLY) 1 ALT-DM-DL-VARIANCES 8 1. Kilgore Company uses a standard costing system in the production of Thingembobs. 9 Direct Material: Standard price is $7.00 per pound. 10 Each Thingembob requires 2 pounds of material. 11 12 Direct Labor: The standard direct labor rate is $18.00 per hour, 13 and each Thingembob requires 3 hours of direct labor. 14. 15 During the month, the company purchased 6,000 pounds of material, paying 16 $7.30 per pound. The direct material used during the month was 4,200 pounds. 17 15 The company used 6,450 hours of direct labor during the month, 19 at a rate of $18.10 per hour. The company produced 2,000 Thingembobs this month. 6 7 00003000PERA 20 21 X fx 27 MATERIAL PURCHASE MATERIAL USAGE LABOR USAGE Beactivate ACTUAL QUANTITY ACTUAL PRICE 50 ACT. PRICE ACT. QTY $0 ACT. HRS ACT. RATE DMPY $0. DERV 50 ACTUAL QUANTITY STANDARD PRICE $0 ACT. QTY STD. PRICE $0 ACT. QTY STD. PRICE OF MTL USED $0 ACT. HRS STD. RATE STO QUANTITY strec $0 UNITS PROD MILS/ (POU 50 UNITS PROD. DURA MO DMQV 0 DLTV 0 MATERIAL PURCHASE MATERIAL USAGE LABOR USAGE ACTUAL QUANTITY ACTUAL PRICE $0 ACT. PRICE ACT. QTY $0 ACT. HRS ACT. RATE DMPY 50 DURV 50 N O ACTUAL QUANTITY STANDARD PRICE $0 ACT. QTY STD. PRICE $0 ACT. QTY STD. PRICE OF MTL USED $0 ACT. HRS S STD. RATE UMOV 0 DETV 0 Q STO QUANTITY PRE SO UNITS PROD MILS/UNIT (POUNDS) $0 UNITS PROD. DEH/UNIT (HOURS) STD PRICE PER POUND STD RATE 0 0 WXYZAL AD 0 0 00 0 0 D DD 00 OD THE