Bonita Construction Consultants performs cement core tests in its Greenville laboratory. The following standard costs for the tests have been developed by the company's controller, Landon Bonita, based on performing 2,100 core tests per month.
(e) Calculate the variable overhead spending variance for March. (Round per unit value to 2 decimal places, e. g. 52.75 and nal answer to 0 decimal places, e. g. 5,275. if variance is zero, select "Not Applicable" and enter 0 for the amc un ts.) 32!} Li f bl 1' (1') Calculate the variable overhead efciency variance for March. {Round answer to 0 decimal places, e.g. 5,275. if variance is zero, select "Not Applicable" and enter 0 for the amounts.) Variable overhead efciency variance :r - (9) Calculate the xed overhead spending variance for March. {Round per unit value to 2 decimal places, e. g. 52.75 and final answer to 0 decimal places, e. g. 5,275. lf variance is zero, select "Not Applicable" and enter 0 for the amounts.) Favora ble 1' Fixed overhead spending variance Bonita Construction Consultants performs cement core tests in its Greenville laboratory. The following standard costs for the tests have been developed by the company's controller, Landon Bonita, based on performing 2,100 core tests per month. Standard Standard Standard Price Quantity Cost Direct materials $0.50 per pound 5 pounds $2.50 Direct labor $11 per DLH 0.50 DLH 5.50 Variable overhead $9 per DLH 0.50 DLH 4.50 Fixed overhead $1 6 per DLH 'i DLH 16.00 Total standard cost per test $28.50 At the end of Marc h, London reported the following operational results: . The company actually performed 2,280 core tests during the month. 0 8,400 pounds of direct materials were purchased during the month at a total cost of $5,500. . 6, 500 pounds of direct materials were used to conduct the core tests. 0 820 direct labor hours were worked at a total cost of $9,770. . Actual variable overhead was $7,700. 0 Actual fixed overhead was $1 5, 500. (a) Calculate the direct materials price variance for March. (Round per unit value to 2 decimal places, e. g. 52.75 and nal answer to 0 decimal places, e. g. 5,275. if variance is zero, select "Not Applicable\" and enter 0 for the amounts.) . . . . 1300 Unfavorable V Direct materials price variance 3 (b) Calculate the direct materials quantity variance for March. (Round answer to 0 decimal places, e.g. 5,275. if variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct materials quantrty variance :r (c) Calculate the direct Eabor rate variance for March. (Round per unit value to 2 decimal places, 12.9. 52.75 and nal answer to 0 decimal places, e.g. 5,275. lf variance is zero, select "Not Applicable\" and enter 0 for the amounts.) v _ _ 749.972 Unfavorable 1' Direct labor rate variance 3 (d) Calculate the direct labor efciency variance for March. (Round answer to 0 decimal places, e. g. 5,275. if variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct labor efficiency variance 3 - (e) Calculate the variabie overhead spending variance for March. (Round per unit value to 2 decimal places, e. g. 52.75 and nal answer to 0 decimal places, e. g. 5,275. if variance is zero, select \"Not Applicable" and enter 0 for the amounts.) 320 Unfavorable V Variable overhead spending variance $ _ Direct materials Direct labor Variable overhead Fixed overhead Tutai standard cost per test Standard Price $0.50 per pound $11 per DLH $9 per DLH $16 per DLH Standard Quantity 5 pounds 0.50 DLH 0.50 DLH 1 DLH Standard $2. 50 5. 50 4. 50 16.00 $28. 50 (a) Calculate the direct materials price variance for March. (Round per unit value to 2 decimal places, e. g. 52. 75 and final answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable\" and enter 0 for the amounts.) . . . . m Unfavorable v Direct materials price variance $ (b) Calculate the direct materials quantity variance for March. (Round answer to 0 decimal places, e.g. 5,275. if variance is zero, select "Not Applicable" and enter 0 for the amounts.) . Direct materials quantityr variance $ (c) Calculate the direct labor rate variance for March. (Round per unit value to 2 decimal places, e.g. 52. 75 and nal answer to 0 decimal places, e.g. 5,275. if variance is zero, select "Not Applicable" and enter 0 for the amounts.) ." Direct laborratevariance $ Unfavorable ' (cl) Calculate the direct labor efciency variance for March. (Round answer to 0 decimal places, e. g. 5,275. if variance is zero, select \"Not Applicable" and enter 0 for the amounts.) " Direct la bar efCIency variance r (e) Calculate the variable overhead spending variance for March. (Round per unit value to 2 decimal places, e.g. 52. 75 and nal answer to 0 decimal places, e.g. 5,2 75. lf variance is zero, select "Not Applicable" and enter 0 for the amounts.) 320 U f bl Variable overhead spending variance is _ n avora e 1r (f) Calculate the variable overhead efficiency variance for March. (Round answer to 0 decimal places, e. g. 5,275. if variance is zero, select "Not Applicable" and enter 0 for the amounts.) , Variable overhead efciency variance $- avora e (9) Calculate the xed overhead spending variance for March. (Round per unit value to 2 decimal places, e. g. 52.75 and nal answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable\" and enter 0 for the amounts.) . _- moi Fixed overhead spending variance $
