Standard Cost Card Direct materials (7 pounds at $3 per pound) $21.00
Direct labor (0.9 hours at $5) 4.50
Variable overhead (0.9 hours at $4 per hour) 3.60
Fixed overhead (0.9 hours at $8 per hour) 7.20 $36.30
The following is a production report for the most recent period of operations.
Variances
Costs Total Standard Cost Price Quantity
Direct materials $464100 $99225 F $8400 U
Direct labor 99450 8316 U -450 U
Instructions (Round cost per pound and rate paid per hour to 2 decimal places e.g. 10.50.) (a) How many units were produced during the period? (b) How many pounds of raw material were purchased and used during the period? pounds (c) What was the actual cost per pound of raw materials? $ per pound (d) How many actual direct labor hours were worked during the period? hours (e) What was the actual rate paid per direct labor hour? $ per hour Click here if you would like to Show Work for this question