University Of Hawaii Operations And Supply Chain Management Assignment Help - Dobbs Manufacturing

Question - Dobbs Manufacturing Company uses a standard cost accounting system. In 2010,
50,000 units were produced. Each unit took several pounds of direct materials and 2 standard hours
of direct labor at a standard hourly rate of $12.00. Normal capacity was 96,000 direct labor hours.
During the year, 200,000 pounds of raw materials were purchased at $1.00 per pound. All materials
purchased were used during the year.

Instructions
(a) If the materials price variance was $8,000 unfavorable, what was the standard materials price per
pound?
(b) If the materials quantity variance was $24,000 favorable, what was the standard materials quantity
per unit?
(c) What were the standard hours allowed for the units produced?
(d) If the labor quantity ...Read More variance was $10,800 unfavorable, what were the actual direct labor hours
worked?
(e) If the labor price variance was $25,225 favorable, what was the actual rate per hour?
(f) If total budgeted manufacturing overhead was $792,000 at normal capacity, what was the
predetermined overhead rate per direct labor hour?
(g) What was the standard cost per unit of product?
(h) How much overhead was applied to production during the year?
(i) Using selected answers above, what were the total costs assigned to work in process? ...Read Less

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