Reference no: EM133440523
Question: Lindt company standard and actual costs per unit for the most recent period, during which 30,000 units were actually produced, are given below:
Raw Materials:
Standard usage and price - 2 feet per unit at $7.45 per foot
Actual usage - 32,000 feet
Purchased - 32,000 feet at $7.55 per foot
Direct Labor:
Standard hours and rate - 1.4 hours per unit at $12.00 per hour
Actual total direct labor - $687,300
Actual hours used - 43,500 hours
Variable overhead:
Standard application rate - $2.25 per direct labor hour
Actual variable overhead - $108,000
Fixed overhead:
Budgeted - $210,000
Actual - $211,800
Standard application rate - $6.00 per direct labor hour
Favorable and Unfavorable for A-H
A. Material Price Variance
B. Material price quantity
C.Direct labor rate variance.
d. Direct labor efficiency variance
e. Variable overhead controllable (spending) variance
f. Variable overhead volume (efficiency) variance.
g. Fixed overhead budget (controllable) variance
h. Fixed overhead volume (uncontrollable) variance.
I. What is the total standard cost per unit?
j. What is the total actual cost per unit?