Question: FILL IN THE ? Data Exhibit 10-1: Standard Cost Card Inputs Standard Quantity Standard Price 3.0 pounds $4.00 per pound Direct materials $22.00 per hour
FILL IN THE ?
Data Exhibit 10-1: Standard Cost Card Inputs Standard Quantity Standard Price 3.0 pounds $4.00 per pound Direct materials $22.00 per hour Direct labor 0.50 hours 0.50 hours $6.00 per hour Variable manufacturing overhead Actual results: 2,000 units Actual output Actual variable manufacturing overhead cost Actual Quantity Actual price $3.80 per pound Actual direct materials cost 6,500 pounds $21.6C per hour Actual direct labor cost 1,050 hours Enter a formula into each of the celis marked with a below Main Example: Chapter 10 Exhibit 10-4: Standard Cost Variance Analysis-Direct Materials pounds x Actual Quantity of Input, at Actual Price per pound per pound Actual Quantity of Input, at Standard Price pounds x pounds x Standard Quantity Allowed for the Actual output, at Standard Price per pound Direct materials variances: Materials price variance Materials quantity variance Materials spending variance Exhibit 10-6: Standard Cost Variance Analysis-Direct Labor hours x per hour Actual Hours of Input, at Actual Rate hours x per hour Actual Hours of Input, at Standard Rate hours x per hour Standard Hours Allowed for the Actual Output, at Standard Rate Direct labor variances: Labor rate variance Labor efficiency variance Labor spending variance Exhibit 10-8: Standard Cost Variance Analysis-Variable Manufacturing Overhead hours x per hour Actual Hours of In at Actual Rate hours x per hour Actual Hours of Input, at Standard Rate hours x per hour Standard Hours Allowed for the Actual Output, at Standard Rate Variable overhead variances Variable overhead rate variance Variable overhead efficiency variance Variable overhead spending variance
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