The following is a production report for the most recent period of operations: Variances Quantity/ Efficiency Total Spending/ Budget Costs Standard Cost Price/Rate Volume Direct materials $435,812 $6,551 F $9,656 U Direct labour 76,024 4,760 U 5,848 U Variable overhead 60,112 $1.290 F Fixed overhead 123,760 460 F $13.580 U What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, eg. 15.25) Actual cost per kilogram /kg How many actual direct labour hours were worked during the period? Actual direct labour hours hours You have been given the following information about the production of Bonita 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 (5.80 kg at $3.40 per kilogram). $19.72 Direct labour (0.80 hours at $4.30) 344 Variable overhead (0.80 hours at $3.40 per hour) 2.72 5.60 Fixed overhead (0.80 hours at $7.00 per hour) $31.48
The following is a production report for the most recent period of operations: Variances Quantity/ Efficiency Total Spending/ Budget Costs Standard Cost Price/Rate Volume Direct materials $435,812 $6,551 F $9,656 U Direct labour 76,024 4,760 U 5,848 U Variable overhead 60,112 $1.290 F Fixed overhead 123,760 460 F $13.580 U What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, eg. 15.25) Actual cost per kilogram /kg How many actual direct labour hours were worked during the period? Actual direct labour hours hours You have been given the following information about the production of Bonita 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 (5.80 kg at $3.40 per kilogram). $19.72 Direct labour (0.80 hours at $4.30) 344 Variable overhead (0.80 hours at $3.40 per hour) 2.72 5.60 Fixed overhead (0.80 hours at $7.00 per hour) $31.48
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:The following is a production report for the most recent period of operations:
Variances
Quantity/
Efficiency
Total
Spending/
Budget
Costs
Standard Cost
Price/Rate
Volume
Direct materials
$435,812
$6,551 F
$9,656 U
Direct labour
76,024
4,760 U
5,848 U
Variable overhead
60,112
$1.290 F
Fixed overhead
123,760
460 F
$13.580 U
What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, eg. 15.25)
Actual cost per kilogram
/kg
How many actual direct labour hours were worked during the period?
Actual direct labour hours
hours

Transcribed Image Text:You have been given the following information about the production of Bonita 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 (5.80 kg at $3.40 per kilogram).
$19.72
Direct labour
(0.80 hours at $4.30)
344
Variable overhead (0.80 hours at $3.40 per hour)
2.72
5.60
Fixed overhead (0.80 hours at $7.00 per hour)
$31.48
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