The supervisor of the cost department has just conferred with you concerning the variance analysis of direct labour for the month just ended.As she talked,you wrote feverishly,but you weren't able to record all the information she gave you before she dashed off muttering something about "another brush fire to put out." Your efforts are shown below:
Required: a)To redeem yourself,complete the form above,adding numbers and labels.(The usual notations,AH,SH,AR,SR,etc.,may be used where appropriate.) b)If you know that 18 minutes of labour is standard per unit of production,how many units were produced?
Definitions:
Fixed Manufacturing Overhead
The sum of all the production costs that are not directly linked to the volume of production, such as salaries of managers and depreciation of equipment.
Absorption Costing
A method of costing that includes all manufacturing costs—both fixed and variable—in the cost of a product.
Break-Even
The financial point at which revenues exactly cover all costs, both fixed and variable, representing no profit or loss situation with different wording.
Sales Dollars
The total monetary value of sales within a specific time period.
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