Sunland Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $6.00 per pound Direct labor-0.50 hours at $11.70 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Direct materials (3,800 pounds) Direct labor (1,670 hours) Variable overhead Fixed overhead Total manufacturing costs (a) The predetermined manufacturing overhead rate is $10 per direct labor hour ($5.00 +0.50). It was computed from a master manufacturing overhead budget based on normal production of 2,950 direct labor hours (5,900 units) for the month. The master budget showed total variable costs of $20,650 ($7.00 per hour) and total fixed overhead costs of $8,850 ($3.00 per hour). Actual costs for October in producing 3,600 units were as follows. Total materials variance Materials price variance Compute all of the materials and labor variances. Materials quantity variance Total labor variance Labor price variance The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. Labor quantity variance $ $ $ $ $ 23,180 20,207 13,678 $ 6,622 $ $63,687 $6.00 $16.85 380 000 1200 1580 5.85 668 3.50 1521 1.50 853 Unfavorable Unfavorable Unfavorable Favorable Unfavorable Favorable

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.