BE 23-1 Direct materials variances. Alvarado Company produces a product that requires 3.0 standard pounds per...
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BE 23-1 Direct materials variances. Alvarado Company produces a product that requires 3.0 standard pounds per unit. The standard price is $6.00 per pound. If 8,000 units used 23,900 pounds, which were purchased at $6.20 per pound, what is the direct materials. (a) price variance (b) quantity variance (c) cost variance BE 23-2 Direct labor variances. Alvarado Company produces a product that requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. If 8,000 units used 60,200 hours at an hourly rate of $21.95 per hour, what is the direct labor. (a) rate variance (b) time variance (c) cost variance BE 23-3 Factory overhead controllable variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.45 per direct labor hour. The actual variable factory overhead was $85,900. Determine the variable factory overhead controllable variance. BE 23-4 Factory overhead volume variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Las premisas son las siguientes: 1. Si los dlares actuales son menores que los dlares estndares, las variables son FAVORABLES. 2. Si los dlares actuales son mayores que los dlares estndares, las variantes son DESFAVORABLES. Tienes que verificar C del BE 23-1; A; By C del BE 23-2; y verificar el BE 23-3 Recuerda que las variantes favorables se presentan con parntesis y las desfavorables sin parntesis. O sea que lo que indicas como variante ya sea favorable o desfavorable est incorrecto. Prof. Rodrguez BE 23-1 Direct materials variances. Alvarado Company produces a product that requires 3.0 standard pounds per unit. The standard price is $6.00 per pound. If 8,000 units used 23,900 pounds, which were purchased at $6.20 per pound, what is the direct materials. (a) price variance Standar price per pound = $ 6.00 Actual price per pound = $ 6.20 Standar quantity purchased = 8,000 units x 3.0 pounds/unit = 24,000 punds (Actual price - Standard price) x Actually price variance = ($6.20-$6.00) x 23,900 (b) quantity variance $0.20 x 23.900 $4.780 (Unfavorable) (Standard quantity - Actual quantity) x Standard price quantity variance 3.00 x 8,000 = 24,000 pounds (c) cost variance (24,000 - 23,900) x $6.00 $600 (Favorable) Actual cost - Standard cost actual cost = Actual quantity x Actual price actual cost = 23.900 x $6.20 = $148.580 24,000 x $ 6.00 = $144,000 BE 23-2 Direct labor variances. 148,580 144,000 $4.580 (Unfavorable) Alvarado Company produces a product that requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. If 8,000 units used 60,200 hours at an hourly rate of $21.95 per hour, what is the direct labor. (a) rate variance Standard rate per hour = $22.50 Actual rate per hour = $ 21.95 Standard hours = 8,000 units x 7.5 = 60,000 (21.95 22.50) x 60,200 -$0.55 x 60.200 -$33,110 (Unfavorable) (b) time variance (Actual hours - Standard hours) x Standard rate time variance (60,200 - 60,000) x $22.50 (c) cost variance 200 x $22.50 $4,500 (Unfavorable) Actual hours x Actual rate actual cost = 60,200 x $ 21.95 $1,323,790 Standard hours x standard rate standard cost = Cost Variance = 60,000 x $22.50 = 1,350,000 - $ 1,323,790 $1,350,000 -$26.210 (Unfavorable) BE 23-3 Factory overhead controllable variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.45 per direct labor hour. The actual variable factory overhead was $85,900. Determine the variable factory overhead controllable variance. Actual variable overhead $ 85.900 Standard variable overhead 8,000 x 7.5 x $1.45 $ 87,000 Actual variable overhead - Standard variable overhead controllable variance = $ 85,900,- $87,000 -$1,100 (Unfavorable) BE 23-4 Factory overhead volume variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Standard fixed overhead 8,000 x 7.5 x 2.00 $ 120,000 Standard fixed overhead - Budgeted fixed overhead 120,000 $110,000 $10.000 (Favorable) BE 23-1 Direct materials variances. Alvarado Company produces a product that requires 3.0 standard pounds per unit. The standard price is $6.00 per pound. If 8,000 units used 23,900 pounds, which were purchased at $6.20 per pound, what is the direct materials. (a) price variance (b) quantity variance (c) cost variance BE 23-2 Direct labor variances. Alvarado Company produces a product that requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. If 8,000 units used 60,200 hours at an hourly rate of $21.95 per hour, what is the direct labor. (a) rate variance (b) time variance (c) cost variance BE 23-3 Factory overhead controllable variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.45 per direct labor hour. The actual variable factory overhead was $85,900. Determine the variable factory overhead controllable variance. BE 23-4 Factory overhead volume variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Las premisas son las siguientes: 1. Si los dlares actuales son menores que los dlares estndares, las variables son FAVORABLES. 2. Si los dlares actuales son mayores que los dlares estndares, las variantes son DESFAVORABLES. Tienes que verificar C del BE 23-1; A; By C del BE 23-2; y verificar el BE 23-3 Recuerda que las variantes favorables se presentan con parntesis y las desfavorables sin parntesis. O sea que lo que indicas como variante ya sea favorable o desfavorable est incorrecto. Prof. Rodrguez BE 23-1 Direct materials variances. Alvarado Company produces a product that requires 3.0 standard pounds per unit. The standard price is $6.00 per pound. If 8,000 units used 23,900 pounds, which were purchased at $6.20 per pound, what is the direct materials. (a) price variance Standar price per pound = $ 6.00 Actual price per pound = $ 6.20 Standar quantity purchased = 8,000 units x 3.0 pounds/unit = 24,000 punds (Actual price - Standard price) x Actually price variance = ($6.20-$6.00) x 23,900 (b) quantity variance $0.20 x 23.900 $4.780 (Unfavorable) (Standard quantity - Actual quantity) x Standard price quantity variance 3.00 x 8,000 = 24,000 pounds (c) cost variance (24,000 - 23,900) x $6.00 $600 (Favorable) Actual cost - Standard cost actual cost = Actual quantity x Actual price actual cost = 23.900 x $6.20 = $148.580 24,000 x $ 6.00 = $144,000 BE 23-2 Direct labor variances. 148,580 144,000 $4.580 (Unfavorable) Alvarado Company produces a product that requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. If 8,000 units used 60,200 hours at an hourly rate of $21.95 per hour, what is the direct labor. (a) rate variance Standard rate per hour = $22.50 Actual rate per hour = $ 21.95 Standard hours = 8,000 units x 7.5 = 60,000 (21.95 22.50) x 60,200 -$0.55 x 60.200 -$33,110 (Unfavorable) (b) time variance (Actual hours - Standard hours) x Standard rate time variance (60,200 - 60,000) x $22.50 (c) cost variance 200 x $22.50 $4,500 (Unfavorable) Actual hours x Actual rate actual cost = 60,200 x $ 21.95 $1,323,790 Standard hours x standard rate standard cost = Cost Variance = 60,000 x $22.50 = 1,350,000 - $ 1,323,790 $1,350,000 -$26.210 (Unfavorable) BE 23-3 Factory overhead controllable variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.45 per direct labor hour. The actual variable factory overhead was $85,900. Determine the variable factory overhead controllable variance. Actual variable overhead $ 85.900 Standard variable overhead 8,000 x 7.5 x $1.45 $ 87,000 Actual variable overhead - Standard variable overhead controllable variance = $ 85,900,- $87,000 -$1,100 (Unfavorable) BE 23-4 Factory overhead volume variance. Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Standard fixed overhead 8,000 x 7.5 x 2.00 $ 120,000 Standard fixed overhead - Budgeted fixed overhead 120,000 $110,000 $10.000 (Favorable)
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Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
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