Barbara Company manufactures coats with fur-lined hoods. The following information pertains to the standard costs of manufacturing the hood of one coat:
|
Direct Material |
1 yard at $30 per yard |
|
Direct Labor |
2 hours at $10 per hour |
|
Variable Overhead |
1/2 hour at $2 per hour |
|
Fixed Overhead |
1/2 hour at $3 per hour |
Other data:
- Coats produced during June—10,000.
- 11,000 yards were purchased and used at $29 per yard.
- Actual direct labor costs were $209,000 for 19,000 hours worked.
- Normal capacity was 5,500 direct labor hours.
- Actual variable overhead costs were $9,500.
- Actual fixed overhead costs were $16,100.
Instructions
Compute the following.