22 Below is the Performance Report for April for Golden Egg Corp.: Actual Per Unit Costs 2,000 units Original Budget $24 000 $60 000 $26 000 $40 000 $150 ano Direct Materials Direct Labor Variable Overhead Fixed Overhead Total Cost Budgeted Per unit costs $12 $30 $13 3,000 units Flexed Budget $36 000 $90 000 $39 000 $40 000 $205 on 3,000 units Actual Costs $39 000 $96 000 $42 000 $38 000 $215.000 Variance $ (3 000) U $ (6 000) U $ (3 000) U $ 2000 F s in non U 513 S32 $14 28 N/A N/A $55 30 31 The STANDARDS (BUDGET) for ONE unit are as follows: Total Budget 3 000 units ACTUAL for ONE unit: Total Actual 3 000 units Direct Materials: Direct Materials: SP $4/b $36 000,00 $39 000,00 SQ 3 lbs SQ 2 hrs 2,6 AQ Total per Unit $12,00 Total per Unit $30,00 Total per Unit $13,00 AP $5,00 AP $16 Direct Labor: Direct Labor: Total per Unit $13,00 Total per Unit $32,00 Total per Unit $14,00 $15/hr $90 000,00 $96 000,00 Variable OH SO SP Variable OH AQ AP 2.5 hrs $5.20/hr $39 000,00 2 $7,00 $42 000,00 42 Durin April the following ACTUAL activity took place: 3,000 units of finished product were produced. 44 7,800 lbs of Direct Materials were used that were purchased for $5.00 per pound. 45 6,000 direct labor hours were worked at $16/hr. 46 6,000 hrs of Variable Overhead were incurred at $7/hr. 49 1) Calculate each of the following variances: a. Raw materials purchase price variance b. Raw materials usage variance C. Direct labor rate variance d. Direct labor efficiency variance e Variable overhead spending variance f. Variable overhead efficiency variance Fixed overhead budget variance h. Total Variance Formula used: (SP-AP) X AQ Ibs purchased (SQ - AQ lbs used) x SP (SP-AP) AQ hrs worked (SQ - AQ hrs worked) x SP (SP-AP) AQ hrs (SQ-AQ) x SP Actual - Budget TOTAL OF ALL 59 2) Calculate the Total Variance Summary as listed below. The total amounts should match the total variances in the Performance Report at the top (in red). S- Variance Summary: Total Raw Materials Variance Total Direct Labor Variance Total Var OH Variance Total Fixed OH Variance Total Variance (sum of a and b above) (sum of cand d above) (sum of e and f above) (same as gabove) (same as h above)