Reference no: EM132582996

Barbaro Production Company has developed the following standards for one of its products.

STANDARD VARIABLE COST CARD

One Unit of Product

Materials: 30 square feet × $5 per square foot                                 $150.00

Direct labor: 16 hours × $7 per hour                                               112.00

Variable manufacturing overhead: 16 direct laborhours × $5 per hour        80.00

Total standard variable cost per unit                                                  $342.00

The company records materials price variances at the time of purchase. The following activity occurred during the month of April:

Materials purchased: 80,000 sq. feet at $5.30 per sq. foot

Materials used: 74,000 square feet

Units produced: 2,500 units

Direct labor: 42,000 hours at $6.70 per hour

Actual variable manufacturing overhead: $228,000

Required:

Question 1: Calculate the direct materials price

Question 2: Calculate the direct materials usage

Question 3: Calculate the direct labor rate

Question 4: Calculate the direct labor usage

Question 5: Give possible reasons for the occurrence of each of the preceding