Costello Corporation manufactures a single product. The standard cost per unit of product is shown b

Costello Corporation manufactures a single product. The standard cost per unit of product is shown below.
Direct materialsAc€??2 pound plastic at $7.05 per pound $ 14.10 Direct laborAc€??2.00 hours at $12.00 per hour 24.00 Variable manufacturing overhead 16.00 Fixed manufacturing overhead 12.00 Total standard cost per unit $66.10
The predetermined manufacturing overhead rate is $14 per direct labor hour ($28.00 Af· 2.00). It was computed from a master manufacturing overhead budget based on normal production of 10,400 direct labor hours (5,200 units) for the month. The master budget showed total variable costs of $83,200 ($8.00 per hour) and total fixed overhead costs of $62,400 ($6.00 per hour). Actual costs for October in producing 4,600 units were as follows.
Direct materials (9,340 pounds) $ 67,528 Direct labor (9,050 hours) 111,677 Variable overhead 95,568 Fixed overhead 35,452     Total manufacturing costs $310,225
The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. Your answer is partially correct. Try again. Compute all of the materials and labor variances. (Round answers to 0 decimal places, e.g. 125.)
Total materials variance $ Materials price variance $ 1681 U Materials quantity variance $ Total labor variance $ Labor price variance $   3077 U Labor quantity variance $
Your answer is partially correct. Try again. Compute the total overhead variance.
Total overhead variance $

 

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