Acct 2012 AP II
Chapter 23 Excel Assignment
Spring 2019
Addison Spice Company processes raw plant material into refined spices. Standard costs and
actual costs for direct materials, direct labor and manufacturing overhead incurred for the
production of 50,000 units of finished goods were as follows:
			Standard Costs			Actual Costs
			Input units	Cost/unit		Input units	Cost/unit
Direct Materials			150,000	$3.75		148,500	$3.84
Direct Labor			20,000	$17.75		20,100	$17.65
Factory Overhead
	Variable			$8.00		$109,440
	Fixed			$10.00		$160,000
	Factory overhead is based on direct labor hours, based on 100% of normal
	capacity of 15,000 direct labor hours.
	Each unit requires .4 hours of direct labor.
Determine the following:
Direct Materials Price Variance
Direct Materials Usage Variance
Direct Materials Total Variance
Direct Labor Rate Variance
Direct Labor Time Variance
Direct Labor Total Variance
Variable Factory Overhead Controllable Variance
Fixed Factory Overhead Volume Variance
Manufacturing Overhead Total Variance