Week 4 Variance Assignment
Standard Cost Sheet	Quantity	Price	Total
Plastic tubing (meters)	8	$ 3.60	$28.80
Fabric (square meters)	7	$ 5.25	$36.75
Padding (kilograms)	3	$ 3.75	$11.25
Direct labor (hours)	2	$ 16.00	$32.00
Total standard cost	$108.80
Actual Costs Incurred for 500 Chairs Produced
Actual Quantity	Total Cost
Plastic tubing (meters)	4,010	$14,636
Fabric (square meters)	3,550	$18,673
Padding (kilograms)	1,600	$6,080
Direct labor (hours)	900	$14,400
Total cost for 500 Chairs	$53,789

1. Price Variance

2. Wage Variance

3. Total Price Variance

4. Quantity Variance

5. Labour Efficiency Variance

6. Total quantity variance for the plastic tubing

7. Total quantity variance for the fabric

8. Total quantity variance for padding

9. Total quantity variance