2 5 3 Data 4 Exhibit 9-8: Standard Cost Card Inputs 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead 9 10 Actual results: Actual output | Actual variable manufacturing overhead cost Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price $4.00 per pound $22.00 per hour $6.00 per hour 11 12 13 2,000 units $7,140 Actual Quantity 6,500 pounds 1,050 hours 14 15 Actual direct materials cost Actual direct labor cost Actual price $3.80 per pound $21.60 per hour 16 ? per pound = ? per pound = ? per pound = 17 Enter a formula into each of the cells marked with a ? below 18 Main Example: Chapter 9 19 20 Exhibit 9-11: Standard Cost Variance Analysis - Direct Materials 21 Actual Quantity of Input, at Actual Price ? pounds 22 Actual Quantity of Input, at Standard Price ? pounds x 23 Standard Quantity Allowed for the Actual Output, at Standard Price ? pounds x 24 Direct materials variances: 25 Materials price variance 26 Materials quantity variance 27 Materials spending variance 28 29 Exhibit 9-12: Standard Cost Variance Analysis - Direct Labor 30 Actual Hours of Input, at Actual Rate ? hours 31 Actual Hours of Input, at Standard Rate ? hours 32 Standard Hours Allowed for the Actual Output, at Standard Rate ? hours x 33 Direct labor variances: 34 Labor rate variance 35 Labor efficiency variance 36 Labor spending variance 37 38 Exhibit 9-13: Standard Cost Variance Analysis - Variable Manufacturing Overhead 39 Actual Hours of Input, at Actual Rate ? hours x 40 Actual Hours of Input, at Standard Rate ? hours x ? per hour = ? per hour = ? per hour = ? ? per hour = ? per hour = ? hours x ? per hour = 41 Standard Hours Allowed for the Actual Output, at Standard Rate 42 Variable overhead variances: 43 Variable overhead rate variance 44 | Variable overhead efficiency variance 45 Variable overhead spending variance 46