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please fill in all the blank, thank you Pitoy Thirst Quencer production cost data is given as the following: Standard cost per one cup drink
please fill in all the blank, thank you
Pitoy Thirst Quencer production cost data is given as the following: Standard cost per one cup drink (200 ml) output needs: material A 0.6 liter @ Rp 1,000 per liter, material B 0.3 liter @ Rp 600 per liter and material Co.3 liter @ Rp 450 per liter. To process input to be output of one liter drink needs 0.25 direct labor hour @ Rp 3.000 per hour and factory overhead rate based on 18.000 hours normal direct labor hour. Actual data for this month is as the followings: Materials: Purchases Price (liter) (liter) (liter) Material A 48.500 42.000 Rp 1.050 Material B 29.000 22.000 880 Material C 24.000 20.000 540 Total 101.500 84.000 Uses Direct Labor Cost: rate per hour Rp 3.060, actual hour is 17.400 hours Output actual: 348.500 cups of Pitoy Thirst Quencer Cost per unit (Rp) You are required to compute variances analysis of: a. Material price Standard cost calculation Material Standard Quantity Standard Price Total cost (type) (unit) (Rp) (Rp) A 0,6 liter 1.000 600 B 0,3 liter 600 180 0,3 liter 450 135 Total 1,2 liter 915 Total cost per unit based on input 1,2 liter (Rp 915 / 1,2) Total cost per unit based on output 1 liter (Rp 915 / 1) 762.50 915.00 Actual Price (Rp) Price Variance (Rp) Total Variance (Rp) Material price variance calculation Material Purchase Standard Price (type) (unit) (Rp) A B C Total variance of material purchase price (-) Unfavorable ( + ) Favorable Total variance Standard price Material mix calculation Material Quantity Standard quantity based Quantity (type) Used on standard output variance ../.................. B ............ .... ....../...... X............ Total Total material mix variance Material yield variance calculation Standard output = (..................................................cups Actual output cups Variance (unfavorable/favorable) cups Variance value............Rp ........... Rp ....(-2+) favorable / unfavorable Material quantity variance calculation Actual output ...............cups should use total material cups should use total material....... unit Standard quantity material A ......... .................... unit Standard quantity material B.......................... ............. unit Standard quantity material C... ... unit unit Calculation of material quantity variance based on actual output ..................cups) with standard output.....cups) Quantity Standard Variance Price Total Variance Material Yield Variance + Material Mix Variance Material Quantity Standard quantity based on actual (type) Used output A B ... Total Material variance calculation Material purchase price variance Material yield variance Material mix variance Total material variance -/+ Rp. -/+Rp. -/+ Rp .... Rp................... b. Labor Labor yield variance Labor yield paid......... x Rp Actual time x standard tariff .............. Rp.... Labor yield variance Rp. Rp. *-: Rp... Labor yield efficiency variance Actual time x standard tariff ......... Rp.....) Standard time x std tariff ............... Rp.....) Labor yield efficiency variance (Actual time is less more than standard time, thus variance is favorable / unfavorable) Rp. Rp. -1; R), vua Labor yield variance Standard time x standard tariff = (.......................... Rp Standard time x actual tariff = .............. ................ Rp Labor yield variance (Because output variance is .......... Labor yield variance is ......... ..) = Rp. ..) = Rp. thus Rp Labor cost variance Labor yield variance Labor yield efficiency variance Labor yield variance Total labor cost variance - Rp.. = Rp. -/+ Rp. -/+ RpStep by Step Solution
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