99) The following data pertain to June operations for the Harley Company:
Actual InputsActual Price
for Each Unitper Unit
of Output of Input
Direct material10 yards$ 8 per yard
Direct labour2 hours$10 per hour
Actual output was 750 units. The Company’s per unit standards call for 9 yards of direct material at $9.00 per yard and 3 hours of direct labour at $10.50 per hour.
Required: Compute the price and usage variances for direct material and direct labour.
100) Fill in the missing information in the following table:
Actual quantity used per unit3.5 pounds(c)
Actual price paid$6 per pound$17 per hour
Standard quantity per unit3 pounds4 hours
Standard price per unit(a)$16 per hour
Price variance$1,400 F$1,500 U
Usage variance(b)$600 F
Flexible-budget variance$400 U(d)
Actual quantity produced 400 units
101) Washington, Inc. has budgeted fixed factory overhead costs at $150,000 per month and variable factory overhead at a rate of $6 per direct-labour hour. The standard direct-labour hours allowed for January production were 18,000. An analysis of the factory overhead indicates that during January there was an unfavourable flexible budget variance of $5,000 and a favourable production volume variance of $3,000.
a.Compute the actual factory overhead cost for January.