# accounting

## Project Description:

19-5
materials price variance
olthof company purchased 15,000 pounds of raw materials at \$3.00 per pound. the company’s standard cost per pound is \$2.50 calculate the materials price variance for this purchase.

19-7
materials quantity variance
over-the rhine company used 5,500 board feet of raw materials with a standard cost of \$6.00 per board foot to make 400 tables. the company’s standard is 14 board feet per table. calculate the company’s materials quantity variance.
19-9
labor rate variance
using the following information, compute the labor rate variance,
number of nightstands produced 200. actual hours used to produce nightstands 970. actual labor rate per hour \$15.75. standard labor rate per hour 15.50. standard labor hours per nightstand 5.
19-10
labor efficiency variance
refer to the data in pe-19-9. compute the labor efficiency variance.
19-15
computing revenue variances
the company sells one production, which is called product a. actual and expected sales data for the most recent year are as follow: company actual sales 500 units. actual sale price \$15. expected company sales 600. expected sale price 13. using these data, compute the following: 1) sales price variance. 2) sales volume variance.
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