Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Exercise 50

Anton Company manufactures wooden magazine stands. An.accountant for Anton just completed the variance report for the current month. After printing the report, his computer's hard drive crashed, effectively destroying most of the actual results for the month. All that the accountant remembers is that actual production was 220 stands and that all materials purchased were used in production. The following information is also available:
Instructions
Using the budget for the current month and the variance report, construct the items below.
a. What was the actual purchase price per square foot of wood?
b. How many labor hours did it actually take to produce each stand?
c. What was the actual wage rate paid per hour?
d. What was actual total overhead for the month?