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You have been given the following information about the production of Sheridan Co, and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card $15.00 200 Direct materials (5.00 kg at $3.00 per kilogram) Direct labour (0.50 hours at $4.00) Variable overhead (o 5 hours at $3.00 per hour) Fixed overhead (0.50 hours at $6.00 per hour) 1.50 3.00 $21.50 The following is a production report for the most recent period of operations Total Standard Cost Variances Spending Quantity Budget Emidency Costs Price/Rate Volume Direct materials $277.500 54.765 58.400 The following is a production report for the most recent period of operations: Variances Spending/ Quantity/ Budget Efficiency Total Standard Cost Costs Price/Rate Volume Direct materials $277.500 $4,765 F $8.400 U Direct labour 37.000 3,165 U 5.200U Variable overhead 27.750 $1.000 F ? Fixed overhead 55,500 400 F $11.580 U How many units were produced during the period? Number of units produced How many kilograms of raw material were purchased and used during the period? Raw materials purchased kilograms What was the actual cost per kilogram of raw materials? (Round answer to 2 decimal places, eg. 15.25.) Actual cost per kilogram $ /kg How many actual direct labour hours were worked during the period? Actual direct labour hours hours What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, eg. 15.25.) Actual rate $ /hr What was the actual variable overhead cost incurred during the period? Actual variable overhead $ What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ What were the master budget hours for fixed overhead? Master budget hours hours

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