| Please show FORMULAS FOR EVERY QUESTION MARK YOU SOLVE, |
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| Inputs |
Standard Quantity |
Standard Price |
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| Direct materials |
3.0 |
pounds |
$4.00 |
per pound |
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| Direct labor |
0.50 |
hours |
$22.00 |
per hour |
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| Variable manufacturing overhead |
0.50 |
hours |
$6.00 |
per hour |
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| Actual results: |
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| Actual output |
2,040 |
units |
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| Actual variable manufacturing overhead cost |
$4,946 |
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Actual Quantity |
Actual price |
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| Actual direct materials cost |
6,030 |
pounds |
$4.10 |
per pound |
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| Actual direct labor cost |
785 |
hours |
$21.70 |
per hour |
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| Enter a formula into each of the cells marked with a ? below |
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| Main Example: Chapter 10 |
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| Exhibit 10-4: Standard Cost Variance Analysis–Direct Materials |
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| Standard Quantity Allowed for the Actual Output, at Standard Price |
? |
pounds × |
? |
per pound = |
? |
| Actual Quantity of Input, at Standard Price |
? |
pounds × |
? |
per pound = |
? |
| Actual Quantity of Input, at Actual Price |
? |
pounds × |
? |
per pound = |
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| Direct materials variances: |
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| Materials quantity variance |
? |
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| Materials price variance |
? |
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| Materials spending variance |
? |
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| Exhibit 10-6: Standard Cost Variance Analysis–Direct Labor |
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| Standard Hours Allowed for the Actual Output, at Standard Rate |
? |
hours × |
? |
per hour = |
? |
| Actual Hours of Input, at Standard Rate |
? |
hours × |
? |
per hour = |
? |
| Actual Hours of Input, at Actual Rate |
? |
hours × |
? |
per hour = |
? |
| Direct labor variances: |
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| Labor efficiency variance |
? |
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| Labor rate variance |
? |
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| Labor spending variance |
? |
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| Exhibit 10-8: Standard Cost Variance Analysis–Variable Manufacturing Overhead |
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| Standard Hours Allowed for the Actual Output, at Standard Rate |
? |
hours × |
? |
per hour = |
? |
| Actual Hours of Input, at Standard Rate |
? |
hours × |
? |
per hour = |
? |
| Actual Hours of Input, at Actual Rate |
? |
hours × |
? |
per hour = |
? |
| Variable overhead variances: |
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| Variable overhead efficiency variance |
? |
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| Variable overhead rate variance |
? |
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| Variable overhead spending variance |
? |
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