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10 Direct materials Standard per unit Actual $ 4 per pound Used 15 Materials quantity variance $ 3 2 pounds pounds Produced 10 finished units

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10 Direct materials Standard per unit Actual $ 4 per pound Used 15 Materials quantity variance $ 3 2 pounds pounds Produced 10 finished units (AQ used - SQ allowed) SP A B C D 15 20 39 78 2 pt Variance is A favorable B unfavorable SQ allowed Standard per unit actual units 11 FACTORY OVERHEAD Machine Hours Budgeted $50 Standard allowed 16 Actual 180 Actual Variable factory overhead (activity base) rate per machine hour $10 Efficiency variance 10 (Actual Standard Variable C 330 activity base - activity base overhead D 1,300 units units 2 pt Variance is A favorable B unfavorable or Spending variance 1 12 Price A 30 B40 c 120 D320 Actual Overhead (Actual (activity Iunits + Variable ) Overhead ) rate * Budgeted factory overhead Variance is 2 pt A favorable B unfavorable Overhead rate variable $ 4 3 fixed 12 10 13 FACTORY OVERHEAD Direct labor hours (activity base) Actual: Variable $ 60 actual Fixed 90 standard allowed normal capacity Overhead volume variance H 6 B Fixed 8 Standard) Denominator C 12 [activity activity X overhead D [units 16 ) units Variance is A favorable B unfavorable i rate 2 pt

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