Reference no: EM132547266

A partial standard cost card for the single product produced by Daffodil Company is given below:

Direct materials: 3 pounds @ $8 per pound

Direct labor: ? hours @ ? per hour

Last period the company produced 4,000 units of product. Cost and other data associated with this production are given below:

Direct materials purchased and used, at cost $103,320

Direct labor cost incurred (10,400 hours) .. $120,640

Materials price variance ............................. $2,520 Unfavorable

Labor efficiency variance ............................ $4,800 Unfavorable

Total labor variance ................................... $640 Unfavorable

Required:

Question a. Determine the number of pounds of direct materials purchased and used during the period.

Question b. Determine the materials quantity variance.

Question c. Determine the standard direct labor rate per direct labor hour.

Question d. Determine the standard hours allowed for the production of the period.