Reference no: EM132598950

Jasleen Corporation manufactures a basic line of draperies with the following standard costs:

Direct materials (20 yards x $1.35 per yard) $27

Direct labor (4 hours x $9.00 per hour) 36

Factory overhead (applied at % of direct labor

(Ratio of variable costs to fixed costs: 2 to 1) 30

Total standard cost per unit of output $93

Standards are based on normal monthly production involving 2,400 direct labor hours (600 units of output). The following information pertains to the month of July:

Direct materials purchased (18,000 yards x $1.38 per yard) $24,840

Direct materials used 9,500 yards

Direct labor (2,100 hours x $9.15 per hour) $19,215

Actual fixed factory overhead $5,836

Actual variable factory overhead 10,815

500 actual units of the product were produced in July.

Question 1: Calculate the predetermined VOH rate per direct labor hour

Question 2: Calculate the budgeted FOH costs based on normal activity

Question 3: Calculate the direct materials price variance (isolated at time of purchase)

Question 4: Calculate the direct materials usage variance for July

Question 5: Calculate the direct labor rate variance for July

Question 6: Calculate the direct labor efficiency variance for July

Question 7: Calculate the variable overhead spending variance

Question 8: Calculate the variable overhead efficiency variance

Question 9: Calculate the FOH production volume variance

Question 10: Calculate the FOH budget variance