ACCT 311

A

B

C

D

E

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

Chapter 9: Applying Excel
Data
Revenue			$16.50	q
Cost of ingredients			$6.25	q
Wages and salaries	$10,400
Utilities	$800	+	$0.20	q
Rent	$2,200
Miscellaneous	$600	+	$0.80	q
Actual results:
Revenue	$29,505
Cost of ingredients	$11,330
Wages and salaries	$10,325
Utilities	$1,180
Rent	$2,200
Miscellaneous	$2,070
Planning budget activity	1,700	meals served
Actual activity	1,800	meals served

a. What is the activity variance for revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

b. What is the spending variance for the cost of ingredients? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

c. What is spending variance for wages and salaries? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

d. What is spending variance for total expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics:

A

B

C

1

2

3

4

5

6

7

8

Applying Excel
Cost summary for Job 408	Department
	Milling	Assembly
Machine-hours	50	2
Direct labor-hours	9	40
Direct materials cost	$510	$310
Direct labor cost	$144	$760

In your worksheet, enter this new data in the cells for Job 407.

What is the new selling price for Job 408? (Round your final answer to 2 decimal places.)

3. Without changing the data for the job from requirement 2 above, what is the selling price for Job 408 if the total number of machine-hours in the Assembly Department increases from 3,000 machine-hours to 4,000 machine-hours? (Round your final answer to 2 decimal places.)

4. Restore the total number of machine-hours in the Assembly Department to 3,000 machine-hours. And keep the job data the same as it was in Requirement 2. What is the selling price for Job 408 if the total number of direct labor-hours in the Assembly Department decreases from 80,000 direct labor-hours to 50,000 direct labor-hours? (Round your final answer to 2 decimal places.)