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# Crede Manufacturing Company uses a standard cost accounting

### Resolved Question:

Crede Manufacturing Company uses a standard cost accounting system. In 2005, 33,000 units were produced. Each unit took several pounds of direct materials and 1 1/3 hours of direct labor at a standard hourly rate of \$12.00. Normal capacity was 42,000 direc labor hours. During the year, 132,000 pounds of raw materials were purchased at \$0.90 per pound. All pounds purchased were used during the year.
(f) If total budgeted manufacturing overhead was \$327,600 at normal capacity, what was the predetermined overhead rate per direct labor hours?
(g) What was the standard cost per unit of product?
(h) How much overhead was applied to production during the year?
(i) If the standard fixed overhead rate was \$2.50, what was the overhead volume variance?
(j) If the overhead controllable variance was \$3,000 favorable, what were the total variaable overhead costs incurred? (Assume that the overhead controllable variance relates only to variable costs.)
(k) Using selected answers above, what were the total costs assigned to work in process?

I dont need answers for a-e but I can provide them for (k)
(a) If the materials price variance was \$3,960 unfavorable, what was the standard materials price per pound?
(b) If the materials quanity variance was \$2,871 favorable, what was the standard materials quantity per unit?
(c) What were the standard hours allowed for the units produced?
(d) If the labor quanity variance was \$8,400 unfavorable, what were the actual direct labor hours worked?
(e) If the labor price variance was \$4,470 favorable, what was the actural rate per hour?

Thank you,
Martha
Submitted: 4 years ago.
Category: Homework
Expert:  Linda_us replied 4 years ago.
Hi Martha,

Regards

Linda
Expert:  Manal Elkhoshkhany replied 4 years ago.

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Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9735
Experience: More than 5000 online tutoring sessions.

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