1 Exercise 5 Mojo Co. makes zippos out of a material called ladi. During the month, Mojo made 1400 zippos using 4060 kilos of ladi. The ladi cost 17864 Yen. During the month, Mojo also incurred a direct labor cost of 44100 Yen having worked 2520 direct labor hours. Company standards show each zippo requires 3 kilos of ladi at a cost of 4 Yen per kilo. It should take 2 hours of direct labor to 2 make one zippo at a standard labor rate of 15 Yen per hour. X 5 What is the actual price of material per kilo? X What is the standard quantity given the number of zippos produced? x 9 What is the amount of material price variance ? RE X 11 Is the MPV favorable or unfavorable? 7 TU X X What is the amount of material quantity (efficiency) variance ? Is the MQV favorable or unfavorable? What is the actual labor rate? X X What is the standard hours allowed for the number of zippos made? What is the amount of labor rate (price) variance? X X Is the MPV favorable or unfavorable? What is the amount of labor efficiency (quantity) varlance ? Is the MQV favorable or unfavorable? X 28 29 B A 30 Exercise 6 Indi Co. makes zollies out of a special type of rubber. During the month, Indi made 2400 zollies using 5040 kilos of rubber. The rubber cost $81648. During the month, Indi also incurred a direct labor cost of $58320 having worked 6480 direct labor hours. Indi's standard costs include 2 kilos of rubber at a cost of $18 per kilo. The standard direct labor time is 3 hours per zollie at a 31 standard labor rate of $10 per hour. X 34 X 36 X 38 X 40 X X 42 44 What is the actual price of material per kilo? What is the standard quantity given the number of zollies produced? What is the amount of moterial price variance? Is the MPV favorable or unfavorable? What is the amount of material quantity (efficiency) variance? Is the MQV favorable or unfavorable? What is the octual labor rate? What is the standard hours allowed for the number of zippos made? What is the amount of loborrate (price) variance ? Is the MPV favorable or unfavorable? What is the amount of labor efficiency (quantity) variance? Is the MOV favorable or unfavorable? X 49 X 51 X 53 55 X X 57 58 59 60