Standard cost system-using variance data
During its first month of operations, the Beech Company charged Work-in-Process Inventory with $40,000 of direct materials, $46,000 of direct labor costs, and $80,000 of manufacturing overhead costs. Beech Company uses a standard cost system, and the variances at the end of this first month are as follows:
(a) Compute the actual cost of direct materials placed into production during the month. $________________
(b) Compute the actual cost of direct labor hours worked during this month. $________________
(c) Compute the actual cost of manufacturing overhead for this month. $________________
(d) Assume that the balance in the Work-in-Process account is $6,000 at the end of this first month. If total standard unit cost is $20 per unit, the number of units completed during this month and transferred to Finished Goods Inventory is _______________ units.

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During its first month of operations, the Beech Company charged Work-in-Process Inventory with $40,000 of direct materials, $46,000 of direct labor costs, and $80,000 of manufacturing overhead costs. Beech Company uses a standard cost system, and the variances at the end of this first month are as follows:
(a) Compute the actual cost of direct materials placed into production during the month. $________________
(b) Compute the actual cost of direct labor hours worked during this month. $________________
(c) Compute the actual cost of manufacturing overhead for this month. $________________
(d) Assume that the balance in the Work-in-Process account is $6,000 at the end of this first month. If total standard unit cost is $20 per unit, the number of units completed during this month and transferred to Finished Goods Inventory is _______________ units.

Standard Cost System-Using Variance Data