The company produced 3,000 units that required:

• 17,000 pounds of material purchased at $4.25 per pound

• 6,830 hours of labor at an hourly rate of $12.23 per hour

• Actual overhead in the period was $16,950

Fill in the Budget Performance Report for the period. Some amounts are provided. Round your answers to the nearest dollar. However, do not round your intermediate calculations.

Transcribed Image Text:

The standard cost sheet for a product is shown. Manufacturing Costs Direct materials Direct labor Overhead Standard price $4.40 per pound $11.83 per hour $2.40 per hour Standard Quantity 5.50 pounds 2.30 hours 2.30 hours Standard Cost per unit $ 24.20 $ 27.21 $5.52 $ 56.93 The standard cost sheet for a product is shown. Manufacturing Costs Direct materials Direct labor Overhead Standard price $4.40 per pound $11.83 per hour $2.40 per hour Standard Quantity 5.50 pounds 2.30 hours 2.30 hours Standard Cost per unit $ 24.20 $ 27.21 $5.52 $ 56.93

Answer rating: 100% (QA)

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