Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please help me

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: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
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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS