2. How much of the $0.08 excess unit cost is traceable to each of the variances computed in (1) valuc: .2.00 pointsS above. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F for favorable, "U" for unfavorable, and "None" for no effect (e., zero variance). Round your answers to 2 decimal places.) Problem 10-13 Basic Variance Analysis, the Impact of Variances on Unit Costs Price variance Quantty variance 0.00 Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May. Labor Rate variance Standard Cost per Unit Efficiency variance 0.00 Actual Cost per Variable overhead Rate vaniance Direct materials Standard: 1.80 feet at $3.00 per foot Actual: 1.80 feet at S3.30 per foot S 5.40 Emiciency variance 0.00 S5.94 Excess of actual over standard cost per unit S 0.00 Standard: 0.90 hours at $18.00 per hour Actual: 0.92 hours at S17.50 per hour 16.20 16.10 Variable overhead Standard: 0.90 hours at $5.00 per hour Actual: 0.92 hours at $4.50 per hour 4.50 4.14 $26.18 S0.08 3. How much of the $0.08 excess unit cost is traceable to apparent inefficient use of labor time? Total cost per unit 526.10 (Input all values as positive amounts. Indicate the effect of each variance by selecting "Ffor favorable, "" for unfavorable, and "None" for no effect (ie., zero variance). Do not round intermediate calculations. Round your final answers to 2 decimal places.) Excess of actual cost over standard cost per unit The production superintendent was pleased when he saw this report and commented: This $0.08 excess cost is well within the 2 percent limit management has set for acceptable variances. It's obious that there's not much to worry about with this product. Excess of actual ower standard cost per unit Less portion attributable to labor ineficiency Labor efficiency variance Variable overhead efficiency variance Portion due to other variances Actual production for the month was 12,000 units. Variable overhead cost is assigned to products on the basis of direct labor-hours. There were no beginning or ending inventories of materials 0.00 0.00 evascript 2. How much of the $0.08 excess unit cost is traceable to each of the variances computed in (1) valuc: .2.00 pointsS above. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F for favorable, "U" for unfavorable, and "None" for no effect (e., zero variance). Round your answers to 2 decimal places.) Problem 10-13 Basic Variance Analysis, the Impact of Variances on Unit Costs Price variance Quantty variance 0.00 Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May. Labor Rate variance Standard Cost per Unit Efficiency variance 0.00 Actual Cost per Variable overhead Rate vaniance Direct materials Standard: 1.80 feet at $3.00 per foot Actual: 1.80 feet at S3.30 per foot S 5.40 Emiciency variance 0.00 S5.94 Excess of actual over standard cost per unit S 0.00 Standard: 0.90 hours at $18.00 per hour Actual: 0.92 hours at S17.50 per hour 16.20 16.10 Variable overhead Standard: 0.90 hours at $5.00 per hour Actual: 0.92 hours at $4.50 per hour 4.50 4.14 $26.18 S0.08 3. How much of the $0.08 excess unit cost is traceable to apparent inefficient use of labor time? Total cost per unit 526.10 (Input all values as positive amounts. Indicate the effect of each variance by selecting "Ffor favorable, "" for unfavorable, and "None" for no effect (ie., zero variance). Do not round intermediate calculations. Round your final answers to 2 decimal places.) Excess of actual cost over standard cost per unit The production superintendent was pleased when he saw this report and commented: This $0.08 excess cost is well within the 2 percent limit management has set for acceptable variances. It's obious that there's not much to worry about with this product. Excess of actual ower standard cost per unit Less portion attributable to labor ineficiency Labor efficiency variance Variable overhead efficiency variance Portion due to other variances Actual production for the month was 12,000 units. Variable overhead cost is assigned to products on the basis of direct labor-hours. There were no beginning or ending inventories of materials 0.00 0.00 evascript
