B D F G H Standard Price $4.00 per pound $22.00 per hour $6.00 per hour Actual price $3,80 per pound $21.60 per hour 3 Data 4 Exhibit 9-9: Standard Cost Card 5 Inputs Standard Quantity 6 Direct materials 3.0 pounds 7 Direct labor 0.50 hours 3 Variable manufacturing overhead 0.50 hours 9 0 Actual results: 1 Actual output 2,000 units 2 Actual variable manufacturing overhead cost $7,140 3 Actual Quantity 4 Actual direct materials cost 6,500 pounds s Actual direct labor cost 1,050 hours 6 7 Enter a formula into each of the cells marked with a ? below 8 Main Example: Chapter 9 9 Exlvb/t 9-12: Standard Cost Variance Analysis - Direct Materials 1 Actual Quantity of Input, at Actual Price 2 pounds 2 Actual Quantity of Input, at Standard Price 2 pounds Standard Quantity Allowed for the Actual Output, at Standard Price ? pounds + Direct materials variances: 5 Materials price variance ? 5 Materials quantity variance ? 7 Materials spending variance 22 3 Exhibit 9-13: Standard Cost Variance Analysis - Direct Labor Actual Hours of Input, at Actual Rate ? hours Actual Hours of Input, at Standard Rate 7 hours 2 Standard Hours Allowed for the Actual Output, at Standard Rate ? hours 3 Direct labor variances: Labor rate variance 2 5 Labor efficiency variance 2 5 Labor spending variance 2 . Exhibit 9-14: Standard Cost Variance Analysis - Variable Manufacturing Overhead Actual Hours of Input, at Actual Rate ? hours Actual Hours of Input, at Standard Rate 2 hours x Chapter 9 Form 2 per pound ? per pound ? per pound ? 2 ? ? per hour ? por hour ? per hour 2 2 2 2 per hour ? per hour 2 ? B D E F G ? hours ? per hour 2 2 Standard Hours Allowed for the Actual Output, at Standard Rate Variable overhead variances: Variable overhead rate variance Variable overhead efficiency variance Variable overhead spending variance 2