Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,100...
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Accounting
Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,100 Master production budget Direct materials $ 241,560 Direct labor 204,960 Overhead 283,650 Standard costs per unit Direct materials $ 3.96 per liter 5 liters per unit of output Direct labor $ 33.60 per hour 0.50 hour per unit Variable overhead $ 30.50 per direct labor-hour Actual costs Direct materials purchased and used $ 246,480 (63,200 liters) Direct labor 183,312 (5,360 hours) Overhead 292,000 (58% is variable) Variable overhead is applied on the basis of direct labor-hours. Required: Calculate all variable production cost price and efficiency variances and fixed production cost price and production volum
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