Cost Variances
Direct Materials
	Actual Price	Selling Price	Flexible Budget	Static Budget
Material Cost
	Actrylic pile fabric (bolt)	34.56	36	36	36
	Acrylic eyes (eye)	0.21	0.21	0.21	0.21
	Plastic joints (joint)	0.15	0.15	0.15	0.15
	Polyester fiber filling (pound)	1.51	1.61	1.61	1.61
	Label (label)	0.06	0.06	0.06	0.06
	Designer box (box)	0.21	0.26	0.26	0.26
	Accessories (various)	0.19	0.14	0.14	0.14
Material Input / unit
	Actrylic pile fabric (bolt/unit)	0.0252	0.0252	0.02673	0.02673
	Acrylic eyes (eyes/unit)	1.9953	1.9953	2	2
	Plastic joints (joints/unit)	5.8450	5.8450	5	5
	Polyester fiber filling (pounds/unit)	1.0687	1.0687	0.9	0.9
	Label (labels/unit)	0.9911	0.9911	1	1
	Designer box (boxes/unit)	0.9531	0.9531	1	1
	Accessories (various/unit)	0.9963	0.9963	1	1
Number of units	331400	331400	331400	295000
Material Cost
	Actrylic pile fabric	288,403.20	300,420.00	318,899.59	283,872.60
	Acrylic eyes	138,862.08	138,862.08	139,188.00	123,900.00
	Plastic joints	288,035.32	290,553.45	248,550.00	221,250.00
	Polyester fiber filling	534,787.64	570,204.04	480,198.60	427,455.00
	Label	19,706.82	19,706.82	19,884.00	17,700.00
	Designer box	66,329.34	82,122.04	86,164.00	76,700.00
	Accessories	62,537.99	46,226.60	46,396.00	41,300.00
Total Material Costs (Dollars)	1,398,662.39	1,448,095.03	1,339,280.19	1,192,177.60
Direct Labor
	Actual Price	Selling Price	Flexible Budget	Static Budget
Labor Cost (per hour)
	Sewing	9.59	9.3	9.3	9.3
	Cutting and stuffing	9.59	9.3	9.3	9.3
	Assembly	9.59	9.3	9.3	9.3
	Dressing and packaging	9.59	9.3	9.3	9.3
Labor Hours / Unit	1.35	1.35	1.2	1.2
	Sewing	0.5709	0.5709	0.5	0.5
	Cutting and stuffing	0.3142	0.3142	0.3	0.3
	Assembly	0.3653	0.3653	0.3	0.3
	Dressing and packaging	0.1045	0.1045	0.1	0.1
Number of units	331400	331400	331400	295000
Labor Cost
	Sewing	1,814,533.49	1,759,662.30	1,541,010.00	1,371,750.00
	Cutting and stuffing	998,482.03	968,288.10	924,606.00	823,050.00
	Assembly	1,160,907.86	1,125,802.20	924,606.00	823,050.00
	Dressing and packaging	331,957.85	321,919.50	308,202.00	274,350.00
Total Labor Costs (Dollars)	$4,305,881	$4,175,672	$3,698,424	$3,292,200

QUESTION 1

Please enter the amount of the direct materials spending variance for thefilling.

Answer:

QUESTION 2

Which is the classification of thedirect materials spending variance for thefilling?

Favorable

Unfavorable

Not applicable

QUESTION 3

Please enter the amount of the direct materials spending variance for thejoints.

Answer:

QUESTION 4

Which is the classification of thedirect materials spending variance for thejoints?

Favorable

Unfavorable

Not applicable

QUESTION 5

Please enter the amount of the direct labor efficiency variance for stuffing and cutting.

Answer:

QUESTION 6

Which isthe classification of thedirect labor efficiency variance for stuffing and cutting?

Favorable

Unfavorable

Not applicable

QUESTION 7

Please enter the amount of the direct labor spending variance for sewing.

Answer:

QUESTION 8

Which is the classification of thedirect labor spending variance for sewing?

Favorable

Unfavorable

Not applicable

QUESTION 9

Please enter the amount of the direct labor activity variance for dressing and packing.

Answer:

QUESTION 10

Which is the classification of thedirect labor activity variance for dressing and packing?

Favorable

Unfavorable

Not applicable