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What is the standard cost allowed for all units produced

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Question - The following data for the Lewgrow Garden Supplies Company pertains to the production of 2,500 garden spades during March. The spade consists of a wooden handle and a metal forged tool that comes in contact with the ground.

Direct Materials (all materials purchased were used):

Standard cost: $1.00 per handle and $3.50 per metal tool.

Total actual cost: $11,350.

Materials flexible-budget efficiency variance was $650 unfavorable.

Direct Manufacturing Labor:

Standard cost is 5 garden spades per hour at $20.00 per hour.

Actual cost per hour was $21.00.

Labor efficiency variance was $400 favorable.

Required:

a. What is the standard direct material amount per garden spade?

b. What is the standard cost allowed for all units produced?

c. What is the total direct materials flexible-budget variance?

d. What is the direct material flexible-budget price variance?

e. What is the total actual cost of direct manufacturing labor?

f. What is the labor price variance for direct manufacturing labor?

Reference no: EM131777975

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