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Problem F Based on a standard volume of output of 96,000 units per month, the standard cost of the 1 answer below » Problem F Based on a standard volume of output of 96,000 units per month, the standard cost of the product manufactured by Tahoe Company consists of: Direct materials (0.25 pounds x $8 per pound) $2.00 Direct labor (0.5 hours x $7.60 per hour) 3.80 Variable manufacturing overhead 2.50 Fixed manufacturing overhead ($144,000 1.50 in total) Total $9.80 A total of 25,200 pounds of materials was purchased at USD 8.40 per pound. During May, 98,400 units were produced with the following costs: Direct materials used (24,000 pounds at View complete question » Problem F Based on a standard volume of output of 96,000 units per month, the standard cost of the product manufactured by Tahoe Company consists of: Direct materials (0.25 pounds x $8 per pound) $2.00 Direct labor (0.5 hours x $7.60 per hour) 3.80 Variable manufacturing overhead 2.50 Fixed manufacturing overhead ($144,000 1.50 in total) Total $9.80 A total of 25,200 pounds of materials was purchased at USD 8.40 per pound. During May, 98,400 units were produced with the following costs: Direct materials used (24,000 pounds at $201,600 $8.40) Direct labor (50,000 hours at $7.80) 390,000 Variable manufacturing overhead 249,000 Fixed manufacturing overhead 145,000 Compute the materials price and usage variances, the labor rate and efficiency variances, and the overhead budget and volume variances. (Overhead is applied based on units produced.) View less » Aug 21 2015 06:48 PM
