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A B C D E 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Chapter 10: Applying Excel Data

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Chapter 10: Applying Excel
Data
Exhibit 10-1: Standard Cost Card
Inputs Standard Quantity Standard Price
Direct materials 3.0 pounds $4.00 per pound
Direct labor 0.50 hours $22.00 per hour
Variable manufacturing overhead 0.50 hours $6.00 per hour
Actual results:
Actual output 1,920 units
Actual variable manufacturing overhead cost $6,142.50
Actual Quantity Actual price
Actual direct materials cost 5,755 pounds $3.80 per pound
Actual direct labor cost 975 hours $21.60 per hou

What is the materials quantity variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

a-2. What is the materials price variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

b-1. What is the labor efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

b-2. What is the labor rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your final answer to nearest whole dollar amount.)

c-1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

c-2. What is the variable overhead rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

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