ACC 232 CH 8 Case Study Workbook AP-14B on pp 220-221 Part a) and b) Direct Materials Variances and Analysis Direct Materials Variance: Units Produced Direct Materials NAME Actual Results/ Units Total Actual Results Price F AQx SP F Variance or or Quantity F Variance Total Standard Standard Allowed/ U U U Allowed Unit Materials/Units Produced AP Price/Unit Total Cost SQ SP AQx AP DMPV AQx SP DMQV SQ x SP DMV Total Direct Materials Variance Provide a possible reason for the favorable or unfavorable Direct Materials Price Variance. Provide a possible reason for the favorable or unfavorable Direct Materials Quantity Variance. Provide a possible reason for the favorable or unfavorable Total Direct Materials Variance. Part c) and d) Direct Labor Variances and Analysis Direct Labor Variance: Units Produced Direct Labor DLH/Unit DL price/unit Total Cost Actual Results/ Units Total Actual Results Labor Rate Variance F AQ x SP or or U U F Direct Labor F Total Efficiency or Standard Variance U Allowed Standard Allowed/ Unit SQ SP AQ x AP DLKV AQx SP DLEV SQx SP Total Direct Labor Variance Provide a possible reason for the favorable or unfavorable Direct Labor Rate Variance. Provide a possible reason for the favorable or unfavorable Direct Labor Efficiency Variance. Provide a possible reason for the favorable or unfavorable Total Direct Labor Variance. Parte) and f) Overhead Variances and Analysis DLV Variable Overhead Variance: Actual Results/ Units Total Actual Results VOH F Spending or Variance U AQx SP F Direct Labor F or U Total Efficiency Standard Variance U Allowed. Standard Allowed/ Unit Units Produced Variable Manufacturing Overhead Units (DLH) AP SQ SP VOH price/DLH AQx AP VOHSV AQx SP DLEV SQx SP Total Cost Total Variable Overhead Variance VOHV