1.The following data pertain to operations concerning the product for the last month:

Actual materials purchased.......................... 4,800 grams

Actual cost of materials purchased ............... $86,880

Actual materials used in production ............. 4,200 grams

Actual output ................................................ 21,080 units

Required:

a. What is the materials price variance for the month?

b. What is the materials quantity variance for the month?

2.The following direct labor standards have been established for product N30A:

Standard direct labor-hours ................ 3.3 hours per unit of N30A

Standard direct labor wage rate .......... $10.50 per hour

The following data pertain to the most recent month's operations during which 400

Units of product N30A were made:

Actual direct labor-hours worked........ 1,100

Actual direct labor wages paid ............ $11,385

Required:

a. What was the labor rate variance for the month?

b. What was the labor efficiency variance for the month?

c. Prepare a journal entry to record direct labor costs during the month, including the

direct labor variances.

3.The following labor standards have been established for a particular product:

Standard labor hours per unit of output ..... 3.2 hours

Standard labor rate ..................................... $19.10 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked ......... 5,500 hours

Actual total labor cost ........ $105,050

Actual output ..................... 1,900 units

Required:

a. What is the labor rate variance for the month?

b. What is the labor efficiency variance for the month?

4.The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output.............. 0.6 hours

Standard variable overhead rate ................ $17.55 per hour

The following data pertain to operations for the last month:

Actual hours ................................................ 6,200 hours

Actual total variable overhead cost ............. $110,670

Actual output............................................... 10,200 units

Required:

a. What is the variable overhead spending variance for the month?

b. What is the variable overhead efficiency variance for the month?

5.Shawl Corporation's variable manufacturing overhead is applied on the basis of direct labor-hours. The standard cost card for product F02E specifies 5.5 direct labor-hours per unit of F02E. The standard variable manufacturing overhead rate is $6.80 per direct labor-hour. During the most recent month, 1,560 units of product F02E were made and 8,700 direct labor-hours were worked.

The actual variable manufacturing overhead incurred was $52,635.

Required:

a. What was the variable overhead spending variance for the month?

b. What was the variable overhead efficiency variance for the month?

6.AgereLtd sales three products in the Dembel City centre. The Company Budgeted to sell 25,000 units. The budgeted 25,000 units represent 50% market share. The details for the budgeted and actual data for the year 1996 fiscal year are as follows:

Budgeted Data

Actual Data

Product

Selling Price per Unit

Quantity

Sales Mix

Total Revenue

Selling Price per Unit

Unit Volume

Sales Mix

Total Revenue

A

60

5000

10%

300,000

50

9000

15%

450,000

B

100

15000

30%

1,500,000

125

24000

40%

3,000,000

C

75

30000

60%

2,250,000

75

27000

45%

2,025,000

50,000

4,050,000

60,000

5,475,000

Required

A.Calculate Static-budget variance.

B.Compute Flexible-budget variance.

C.Compute Sales-volume variance.

D.Compute Sales-mix variance.

E.Compute Sales-quantity variance.

F.Compute Market share and market size variance.