rico Company set the following standard unit costs for its single product. Direct materials (30 lbs. @ $4 per lb.) $120 Direct labor (5 hrs. @ $14 per hr.) 70 Factory overhead—variable (5 hrs. @ $8 per hr.)   40 Factory overhead—fixed (5 hrs. @ $10 per hr.)   60 Total standard cost $280 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available.   Operating Level Operating Level Operating Level   70% 80% 90% Production in units 42,000 48,000 54,000 Standard direct labor hours   210,000   240,000   270,000 Budgeted overhead:       Fixed factory OH $2,400,000 $2,400,000 $2,400,000 Variable factory OH $1,68,000 $1,920,000 $2.160,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units of product; actual direct labor total 265,000 hours. Units produced were assigned the following standard costs: Direct materials (1,620,000 lbs. @ $4 per lb.) $6,480,000 Direct labor (270,000 hrs. @ $14 per hr.) 3,780,000 Factory overhead (270,000 hrs. @ $18 per hr.)   4,860,000 Total standard cost $15,120,000 Actual costs incurred during the current quarter follow: Direct materials (1,615,000 lbs. @ $4.10 per lb.)   $6,621,500 Direct labor (265,000 hrs. @ $13.75 per hr.) 3,643,750 Fixed factory overhead costs 2,350,000 Variable factory overhead costs 2,200,000 Total actual costs $14,815,250 Required Compute the direct materials cost variance, including its price and quantity varianc

The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows:   Line Item DescriptionValueFixed overhead (based on 10,000 hours)3 hours per unit at $0.71 per hourVariable overhead3 hours per unit at $1.98 per hour Actual Costs Total variable cost, $18,200 Total fixed cost, $8,200   The fixed factory overhead volume variance is   Group of answer choices   $1,136 unfavorable   $909 unfavorable   $909 favorable   $0

The following standard costs were developed for one of the products of Razzmatazz Corporation:    STANDARD COST CARD PER UNIT    Materials: 4 feet × $14.25 per foot                                         $  57.00 Direct labor: 8 hours × $10 per hour                                          80.00 Variable overhead: 8 direct labor hours × $8 per hour               64.00 Fixed overhead: 8 direct labor hours × $12 per hour                 96.00 Total standard cost per unit                                                    $297.00   The following information is available regarding the company's operations for the period:    Units produced: 11,000 Materials purchased: 52,000 feet at $13.95 per foot Materials used: 40,000 feet Direct labor: 84,000 hours costing $840,000       Manufacturing overhead incurred:        Variable $756,000     Fixed $1,000,000   Budgeted fixed manufacturing overhead for the period is $960,000, and the standard…

Sedona Company set the following standard costs for one unit of its product for this year.            Direct material (20 Ibs. @ $2.50 per Ib.)   $ 50.00   Direct labor (10 hrs. @ $22.00 per hr.)     220.00   Variable overhead (10 hrs. @ $4.00 per hr.)     40.00   Fixed overhead (10 hrs. @ $1.60 per hr.)     16.00   Total standard cost   $ 326.00     The $5.60 ($4.00 + $1.60) total overhead rate per direct labor hour is based on an expected operating level equal to 75% of the factory's capacity of 50,000 units per month. The following monthly flexible budget information is also available.      Operating Levels (% of capacity)   Flexible Budget     70%       75%       80%   Budgeted output (units)     35,000       37,500       40,000   Budgeted labor (standard hours)     350,000       375,000       400,000   Budgeted overhead (dollars)                         Variable overhead   $ 1,400,000     $ 1,500,000     $ 1,600,000   Fixed overhead     600,000…

Multiple versus Single Kates, Activity Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $490,440 Number of setups 610 Ordering costs 313,500 Number of orders Machine costs 917,700 Machine hours Receiving 382,200 Receiving hours Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B $610,000 451,000 15,500 6,400 360 Direct materials Direct labor Units completed Direct labor hours Number of setups Number of orders Machine hours Receiving hours 5,400 24,900 2,700 $766,000 499,000 7,000 2,300 250 11,100 18,800 7,100 16,500 43,700 9,800

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:   Direct material: 5 pounds at $10.00 per pound $ 50.00 Direct labor: 3 hours at $17 per hour 51.00 Variable overhead: 3 hours at $7 per hour 21.00 Total standard variable cost per unit $ 122.00   The company also established the following cost formulas for its selling expenses:     Fixed Cost per Month Variable Cost per Unit Sold Advertising $ 330,000   Sales salaries and commissions $ 360,000 $ 25.00 Shipping expenses   $ 16.00   The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs:   Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production. Direct-laborers worked 68,000 hours at a rate of…

Rhodes Corporation manufactures a product with the following standard costs: Direct materials (20 yards @ $1.85 per yard) $ 37.00 Direct labor (4 hours @ $12.00 per hour) 48.00 Variable factory overhead (4 hours @ $5.40 per hour)   21.60 Fixed factory overhead (4 hours @ $3.60 per hour) 14.40 Total standard cost per unit of output $121.00   Standards are based on normal monthly production involving 2,000 direct labor hours (500 units of output).The following information pertains to the month of July: Direct materials purchased (16,000 yards @ $1.80 per yard) $28,800 Direct materials used (9,400 yards)   Direct labor (1,880 hours @ $12.20 per hour) 22,936 Actual factory overhead 16,850 Actual production in July:  460 units         Using the information above, compute the following variances for the month of July, indicating whether each variance is favorable or unfavorable: Materials purchase price variance…

Bramble's standard quantities for 1 unit of product include 3 pounds of materials and 1.0 labor hours. The standard rates are $3 per pound and $5 per hour. The standard overhead rate is $10 per direct labor hour. The total standard cost per unit of Bramble's product is O $24.00. O $18.00. O $15.00. O $14.00.

Stargate Corporation has established the following standards for the costs of one unit of its product. The standard production overhead costs per unit are based on direct-labor hours. Calculation for standard per unit cost is as follows:   Std Cost Std Qty Std Price/Rate Direct Material $      14.40 6.00 kg  $     2.40 per kg Direct Labor $        3.00  0.40 hour $     7.50 per hour Variable Overhead $       4.00 0.40 hour $     10.0 per hour Fixed Overhead $       4.80 0.40 hour $     12.0 per hour Total $      26.20     *based on practical capacity of 2,500 direct-labor hour per month During December 2020, Henry purchased 30,000 kg of direct material at a total cost of $75,000. The total wages for December were $20,000, 75% of which were for direct labor. Henry manufactured 4,500 units of product during December 2020, using 28,000kg of the direct material purchased in December and 2,100 direct-labor hours. Actual variable and fixed overhead cost were $23,100…

The following standard cost card is provided for Navid Company's Product A: Direct material (3 lbs. @ $3.00 per lb.) Direct labor (2 hr @ $8.00 per hr.) Variable overhead (2 hr. @ $3.00 per hr.) Fixed overhead (1 hr. @ $3.00 per hr.) $ 9.00 16.00 6.00 3.00 Total standard cost per unit $34.00 The fixed overhead rate is based on total budgeted fixed overhead of $12,000. During the period, the company produced and sold 5,600 units at the following costs: Direct material 12,200 pounds @ $2.50 per pound Direct labor 5,350 hours @ $16.00 per hour Overhead $29,940 The standard manufacturing cost per unit is $34.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations.)