Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device Ollows: Direct materials, ? ounces at $2.80 per ounce Direct labor, 0.4 hours at ? per hour Overhead, 0.4 hours at ? per hour Total costs $ ? per device ? per device per device $ 30 per device ssume that the following data appeared in Copland's records at the end of the past month: Actual production Actual sales Materials costs (505,000 ounces) Materials price variance Materials efficiency variance 96,000 units 90,000 units $ ? 63,000 U 70,000 U Direct labor price variance Direct labor (37,500 hours) Overapplied overhead (total) here are no materials Inventories. 18,750 F 918,750 25,200
Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device Ollows: Direct materials, ? ounces at $2.80 per ounce Direct labor, 0.4 hours at ? per hour Overhead, 0.4 hours at ? per hour Total costs $ ? per device ? per device per device $ 30 per device ssume that the following data appeared in Copland's records at the end of the past month: Actual production Actual sales Materials costs (505,000 ounces) Materials price variance Materials efficiency variance 96,000 units 90,000 units $ ? 63,000 U 70,000 U Direct labor price variance Direct labor (37,500 hours) Overapplied overhead (total) here are no materials Inventories. 18,750 F 918,750 25,200
Chapter1: Financial Statements And Business Decisions
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