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You have been given the following information about the production of Melissa Co., and are asked to provide the factory manager information for a meeting with the vice president of operations. Direct materials (9 pounds at $5 per pound) Direct labor (0.8 hours at $10) Variable overhead (0.8 hours at $4 per hour) Fixed overhead (0.8 hours at $7 per hour) Costs Direct materials Direct labor (a) The following is a variance report for the most recent period of operations. Standard Cost Card $45.00 Total Standard Cost $405,000 72,000 Number of units Price 3.20 5.60 $61.80 How many units were produced during the period? 8.00 $8,284 F Variances 5,135 U Quantity $9,200 U 7,000 U

You have been given the following information about the production of Melissa Co., and are asked to provide the factory manager information for a meeting with the vice president of operations. Direct materials (9 pounds at $5 per pound) Direct labor (0.8 hours at $10) Variable overhead (0.8 hours at $4 per hour) Fixed overhead (0.8 hours at $7 per hour) Costs Direct materials Direct labor (a) The following is a variance report for the most recent period of operations. Standard Cost Card $45.00 Total Standard Cost $405,000 72,000 Number of units Price 3.20 5.60 $61.80 How many units were produced during the period? 8.00 $8,284 F Variances 5,135 U Quantity $9,200 U 7,000 U

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 27BEA: Use the following information for Brief Exercises 4-27 and 4-28: Quillen Company manufactures a...
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You have been given the following information about the production of Melissa Co., and are asked to provide the factory manager information for a meeting with the vice president of operations. Direct materials (9 pounds at $5 per pound) Direct labor (0.8 hours at $10) Variable overhead (0.8 hours at $4 per hour) Fixed overhead (0.8 hours at $7 per hour) Costs Direct materials Direct labor (a) The following is a variance report for the most recent period of operations. Standard Cost Card $45.00 Total Standard Cost $405,000 72,000 Number of units Price How many units were produced during the period? 8.00 3.20 5.60 $61.80 Variances $8,284 F 5,135 U Quantity $9,200 U 7,000 U
Transcribed Image Text:You have been given the following information about the production of Melissa Co., and are asked to provide the factory manager information for a meeting with the vice president of operations. Direct materials (9 pounds at $5 per pound) Direct labor (0.8 hours at $10) Variable overhead (0.8 hours at $4 per hour) Fixed overhead (0.8 hours at $7 per hour) Costs Direct materials Direct labor (a) The following is a variance report for the most recent period of operations. Standard Cost Card $45.00 Total Standard Cost $405,000 72,000 Number of units Price How many units were produced during the period? 8.00 3.20 5.60 $61.80 Variances $8,284 F 5,135 U Quantity $9,200 U 7,000 U
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