Cost standards for one unit of product no. C1895: Direct material 3 pounds at $2.60 per pound $ 7.80 Direct labor 5 hours at $7.40 per hour 37.00 Actual results: Units produced 8,200 units Direct material purchased 26,900 pounds at $2.80 $ 75,320 Direct material used 24,300 pounds at $2.80 68,040 Direct labor 41,400 hours at $7.20 298,080 Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are:

41,000  labour hours

Explanation:

The standard hour is the time set for which a unit of a product is expected to be produced.

The standard hours per unit of the product is 5 hrs.

The actual production is 8,200 units

Standard hours allowed for actual production = standard hours × actual production

Standard hours allowed for the worked performed:

=5 hrs × 8,200

= 41,000  labour hours

contributions made after 1986. after-tax contributions to employer plans made after 1986 are recovered pro rata with taxable amounts. the remaining $80,000 is from pre-tax contributions, employer matching dollars, and earnings on those amounts.

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