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Use the following performance report for a cost center of the Dry Cat Food Division for the month ended December 31 to answer the questions below
Use the following performance report for a cost center of the Dry Cat Food Division for the month ended December 31 to answer the questions below.
| Actual Results | Variance | Flexible Budget | Variance | Master Budget | |
| Units produced | 70 | 0 | ? | 30 (U) | 100 |
| Center costs | |||||
| Direct materials | $84 | $? | $70 | $? | $100 |
| Direct labor | 150 | ? | ? | 60(F) | 200 |
| Variable overhead | ? | 20(U) | 210 | ? | 300 |
| Fixed overhead | 280 | ? | 250 | ? | 250 |
| Total cost | $? | $74(U) | $? | $180(F) | $850 |
| Performance measures | |||||
| Defect-free units to total produced | 80% | ? | N/A | N/A | 90% |
| Average throughput time per unit | 12 minutes | ? | N/A | N/A | 10 minutes |
Using the information provided for Dry Cat Food division, what is the actual total cost?
Expert Solution
Available values:
Variable overhead cost = $210
Variable overhead = $20
Direct materials = $84
Direct Labor = $150
Fixed overhead = $280
Calculation:
Actual overhead cost = Variable overhead cost + Variable overhead
Actual overhead cost = 210 + 20
Actual overhead cost = $230
Total actual cost = Direct materials + Direct Labor + Actual overhead cost + Fixed overhead
Total actual cost = 84 + 150 + 230 + 280
Total actual cost = $744
Total Cost:
Total cost refers to the total aggregate expense incurred in manufacturing of goods and services. The manufacturing cost includes material cost labor cost and manufacturing overhead cost.
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