Anderson Company manufactures a single product. The direct materials standard calls for 3 kilograms of direct material per unit. The standard for direct material cost per kilogram is $15.50. A computer error has wiped out the records for the direct labour standards but the following information is found for the month of October:

Required:
1. Calculate the number of kilograms of direct materials purchased and used during October.
2. Calculate the materials efficiency (quantity) variance.
3 Calculate the standard direct labour rate per hour.
4. Calculate the standard direct labour hours allowed for October's production.

Question

Anderson Company manufactures a single product. The direct materials standard calls for 3 kilograms of direct material per unit. The standard for direct material cost per kilogram is $15.50. A computer error has wiped out the records for the direct labour standards but the following information is found for the month of October:
  
Required:
1. Calculate the number of kilograms of direct materials purchased and used during October.
2. Calculate the materials efficiency (quantity) variance.
3 Calculate the standard direct labour rate per hour.
4. Calculate the standard direct labour hours allowed for October's production.

Quizplus · Accepted Answer

The Answer of Anderson Company manufactures a single product. The direct materials standard calls for 3 kilograms of direct material per unit. The standard for direct material cost per kilogram is $15.50. A computer error has wiped out the records for the direct labour standards but the following information is found for the month of October:
  
Required:
1. Calculate the number of kilograms of direct materials purchased and used during October.
2. Calculate the materials efficiency (quantity) variance.
3 Calculate the standard direct labour rate per hour.
4. Calculate the standard direct labour hours allowed for October's production.

Anderson Company Manufactures a Single Product