Healing touch manufactures massage chairs with the

Assignment Help Accounting Basics

Reference no: EM13607983

Healing Touch manufactures massage chairs with the following standard cost structure:
Standard Cost Sheet: Massage Chair
Metal tubing 6 meters @ $3                      $ 18.00
Leather 2 square meters @ $7                     14.00
Padding 3 kilograms @ $4                           12.00
Direct Labor 4 hours @ $15                           60.00
Total standard cost                                     $104.00

During the month 500 chairs are manufactured and the following actual costs incurred
Metal tubing 3,100 meters                      $ 9,455
Leather 1,100 Square meters                     7,722
Padding 1,600 kilograms                            6,560
Direct Labor 1,800 hours                          27,270

a. Calculate all materials and labor variances (including price, quantity, wage rate and labor efficienty variances).
b. Write a short report summarizing and analyzing the manufacturing operations for the month.

Reference no: EM13607983

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