Exercise 23-9 (Part Level Submission) You have been given the following informat

Question

Exercise 23-9 (Part Level Submission) You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations Direct materials (9 pounds at $4 per pound) Direct labor (0.80 hours at $7) Variable overhead (0.80 hours at $3 per hour) Fixed overhead (0.80 hours at $8 per hour) Standard Cost Card $36.00 5.60 2.40 6.40 $50.40 The following is a variance report for the most recent period of operations Variances Price $5,770 F 4,200 U Costs Total Standard Cost $407,000 63,314 Quantity $9,200 U 6,600 U Direct materials Direct labor Your answer is correct How many units were produced during the period? (Round answer to 0 decimal places, e.g. 125.) Number of 11306 units Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Material price variance = (Standard price-actual price)Actual quantity purchased

5770 = (4*104050-104050X)

104050X = 410430

X(actual cost per pound of raw material) = 410430/104050 = 3.94 per pound

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