QuestromT Not complete Marked out of 2.00 ring question Homework - Week 6 - Module 23...

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QuestromT Not complete Marked out of 2.00 ring question Homework - Week 6 - Module 23 Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1,000-bag batches. The standard cost of each batch consists of 6,000 pounds of direct materials at $0.30 per pound, 48 direct labor hours at $8.50 per hour, and variable overhead cost (based on machine hours) at the rate of $10 per hour with 18 machine hours per batch. The following variable costs were incurred for the last 1,000-bag batch produced: Direct materials Direct labor Variable overhead Machine hours used 6,300 pounds costing $1,778 were purchased and used 45 hours costing $450 $250 20 hours (a) Determine the actual and standard variable costs per bag of dog food produced, separated into direct materials, direct labor, and variable overhead. Round your answers to three decimal places. Direct materials Direct labor Variable overhead Actual Cost Standard Cost $ $ Total variable costs per bag $ $ (b) For the last 1,000-bag batch, determine the standard cost variances for direct materials, direct labor, and variable overhead. Round your answers two decimal places. Materials price variance $ Materials quantity variance $ Labor rate variance $ Labor efficiency variance $ Variable overhead spending variance $ Variable overhead efficiency variance $ A QuestromT Not complete Marked out of 2.00 ring question Homework - Week 6 - Module 23 Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1,000-bag batches. The standard cost of each batch consists of 6,000 pounds of direct materials at $0.30 per pound, 48 direct labor hours at $8.50 per hour, and variable overhead cost (based on machine hours) at the rate of $10 per hour with 18 machine hours per batch. The following variable costs were incurred for the last 1,000-bag batch produced: Direct materials Direct labor Variable overhead Machine hours used 6,300 pounds costing $1,778 were purchased and used 45 hours costing $450 $250 20 hours (a) Determine the actual and standard variable costs per bag of dog food produced, separated into direct materials, direct labor, and variable overhead. Round your answers to three decimal places. Direct materials Direct labor Variable overhead Actual Cost Standard Cost $ $ Total variable costs per bag $ $ (b) For the last 1,000-bag batch, determine the standard cost variances for direct materials, direct labor, and variable overhead. Round your answers two decimal places. Materials price variance $ Materials quantity variance $ Labor rate variance $ Labor efficiency variance $ Variable overhead spending variance $ Variable overhead efficiency variance $ A