Standard Cost System-Using Variance Data

question 76

Essay

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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