Static Budget Number of jacket lots (1 lot = 1 dozen) 450 Per Lot of Jackets: Direct materials 12 yards at $4.65 per yard = $55.80 Direct manufacturing labor 1.7 hours at $8.40 per hour = $14.28 Actual Results Number of jacket lots sold 475 Total Direct Inputs: Direct materials 6,650 yards at $4.85 per yard = $32,252.50 Direct manufacturing labor 713 hours at $8.50 per hour = $6,060.50 Actual Price Actual Input Qty × May 2020 Results Variance Budgeted Price Units Direct materials Direct labor Total variance

Static Budget Number of jacket lots (1 lot = 1 dozen) 450 Per Lot of Jackets: Direct materials 12 yards at $4.65 per yard = $55.80 Direct manufacturing labor 1.7 hours at $8.40 per hour = $14.28 Actual Results Number of jacket lots sold 475 Total Direct Inputs: Direct materials 6,650 yards at $4.85 per yard = $32,252.50 Direct manufacturing labor 713 hours at $8.50 per hour = $6,060.50 Actual Price Actual Input Qty × May 2020 Results Variance Budgeted Price Units Direct materials Direct labor Total variance

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 6E: Computing unit costs at different levels of production French Fragrances, Ltd. budgeted for 12,000...

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Principles of Cost Accounting

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Static Budget
Number of jacket lots (1 lot = 1 dozen)	450
Per Lot of Jackets:
Direct materials	12 yards at $4.65 per yard = $55.80
Direct manufacturing labor	1.7 hours at $8.40 per hour = $14.28
Actual Results
Number of jacket lots sold	475
Total Direct Inputs:
Direct materials	6,650 yards at $4.85 per yard = $32,252.50
Direct manufacturing labor	713 hours at $8.50 per hour = $6,060.50