I NEED HELP WTITH EXERCSISE # 4 / 5 / 6 / 7. xC Home | Chegg.com Homepage-Portla

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I NEED HELP WTITH EXERCSISE # 4 / 5 / 6 / 7.

xC Home | Chegg.com Homepage-Portland Co My eBay All Sellin -> fi Dezto.mheducation.com/hm.tpx?--0.7392220145078771-1463907643143 :: Apps M Watch movies online YouTube G Google Google Translate -Electronics Cars, Fash Bank g Hom ework Ch 10 PCCC News 3 NBA com N Netflix eChegg com Other bookmarks Vitalite, Inc., produces a number of products, including a body-wrap kit. Standard variable costs relating to a single kit are given below: Standard QuantityStandard Price Standard Cost or Hours or Rate $5 per yard Direct materials Direct labor Variable manufacturing overhead $4 per direct labor-hour Total standard cost per kit $45 During August, 800 kits were manufactured and sold. Selected information relating to the month's production is given below: Variable Manufacturing Overhead $1,600 $1,620 Materials Used Direct Labor $8,000 Total standard cost Actual costs incurred Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency varianc $11,000 $1,100 U For the month's production. The following additional information is available for August's production of kits 500 $.15 U Actual direct labor-hours Difference between standard and actual cost per kit produced during August Required 1. What was the total standard cost of the materials used during August? (Omit the "$" sign in vour I'm Cortana. Ask me anything 2:01 AM 5/22/2016

Explanation / Answer

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Standard Labour Rate 20 Workings Variable Manufacturing Overhead Rate Per Hour 4 Standard Manufacturing Cost for 800 Units 1600 labor Hour Incured For 800 Units is 400 Hour 1600/400 400 Hence Standard Labor Cost Per Hour 8000/400 20

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