DMPV Standard $2,162,500 Standard price times actual pounds purchased Actual $2,194,500 Actual price paid $32,000 U Difference DMQV Standard 85,120 Standard quantity times actual units produced Actual 90,120 Actual pounds used DMQV (in pounds) 5,000 U Difference Standard price 5 Standard price -$ 25,000 U ProductBudget Actual MH 150,000 143,500 Cleaning $150,000 135,200 Utilities 450,000 426,100 Royalties on machines 75,000 71,750 Depreciation 754,000 754,000 Insurance 540,000 503,200 Supervisor salary 479,000 431,000 Rent 552,000 554,200 _ Flexible Budget Rate Budget Actual Variance Rates 2 Cost divided by budgeted MH MH 150,000 143,500 5,500 U 4.3% Budget = Rate times actual MH; fixed costs budget is given Cleaning 1.00 143,500 135,200 3,300 F 5.3% Utilities 3.00 430,500 425,100 4,400 F 1.0% Actual = Given Royalties on machines 0.50 71,750 71,750 F 0.0% Variance = absolute value of Budget less Actual Depreciation 754,000 754,000 F 0.0% Insurance 540,000 508,200 31,300 F 5.9% Percentage = Variance divided by budgeted Supervisor salary 479,000 431,000 2,000 U 0.4% Rent 552,000 554,200 2,200 U 0.4% \fHour worked 7,210 hours Related payroll $148,400 Units (FG) produced 15,200 Rockets DLRV Standard $144,200 Standard rate times actual hours worked Actual $148,400 Actual payroll $4,200 U Difference DLEV Standard 7,600 Standard rate times actual hours worked Actual 7,210 Actual hours worked DLEV (inn hours) 390 F Difference Standard Rate $20.00 Standard rate DLEV S 7,800 F Product