You have been given the following information about the production of Cynthia Co., and are asked to provide the factory manager with information for a meeting with the vice president of operations. Standard Cost Card Direct materials (5 pounds at $5 per pound) $25.00 Direct labor (0.9 hours at $10) 9.00 Variable overhead (0.9 hours at $3 per hour) 2.70 Fixed overhead (0.9 hours at $8 per hour) 7.20 $43.90 The following is a variance report for the most recent period of operations.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You have been given the following information about the production of Cynthia Co., and are asked to provide the factory manager
with information for a meeting with the vice president of operations.
Standard Cost Card
Direct materials (5 pounds at $5 per pound)
Direct labor (0.9 hours at $10)
$25.00
9.00
Variable overhead (0.9 hours at $3 per hour)
2.70
Fixed overhead (0.9 hours at $8 per hour)
7.20
$43.90
The following is a variance report for the most recent period of operations.
Variances
Costs
Total Standard Cost
Price
Quantity
Direct materials
$407,500
$8,342 F
$9,600 U
Direct labor
146,700
6,132 U
6,600 U
(a)
How many units were produced during the period?
Number of units
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Transcribed Image Text:You have been given the following information about the production of Cynthia Co., and are asked to provide the factory manager with information for a meeting with the vice president of operations. Standard Cost Card Direct materials (5 pounds at $5 per pound) Direct labor (0.9 hours at $10) $25.00 9.00 Variable overhead (0.9 hours at $3 per hour) 2.70 Fixed overhead (0.9 hours at $8 per hour) 7.20 $43.90 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Quantity Direct materials $407,500 $8,342 F $9,600 U Direct labor 146,700 6,132 U 6,600 U (a) How many units were produced during the period? Number of units eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer
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