Excel:

The Lopez Company uses standard costing its manufacturing plant for auto-parts. The standard cost of a particular auto-part, based on 4,000 units of output per year, and budgeted variable overhead of $192,000 is as follows: le OH cost $192,000 There was no beginning raw materials inventory, but ending inventory consisted of 1,000lbs. of raw materials. Actual production was 4,200 units, and actual costs were as follows. variances are calculated separately. The price variance is based on the actual quantity purchased, while the quantity variance is based on the actual quantity used. Also, it no longer makes sense to talk about a total variance. Compare the Flexible Budget SQ to the Planning Budget ssq. Remember that when the actual quantity purchased is different from the actual quantity used the Price and Quantity variances are calculated separately. The price variance is based on the actual quantity purchased, while the quantity variance is based on the actual quantity used. Also, it no longer makes sense to talk about a total variance. The Lopez Company uses standard costing its manufacturing plant for auto-parts. The standard cost of a particular auto-part, based on 4,000 units of output per year, and budgeted variable overhead of $192,000 is as follows: le OH cost $192,000 There was no beginning raw materials inventory, but ending inventory consisted of 1,000lbs. of raw materials. Actual production was 4,200 units, and actual costs were as follows. variances are calculated separately. The price variance is based on the actual quantity purchased, while the quantity variance is based on the actual quantity used. Also, it no longer makes sense to talk about a total variance. Compare the Flexible Budget SQ to the Planning Budget ssq. Remember that when the actual quantity purchased is different from the actual quantity used the Price and Quantity variances are calculated separately. The price variance is based on the actual quantity purchased, while the quantity variance is based on the actual quantity used. Also, it no longer makes sense to talk about a total variance