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Please show FORMULAS FOR EVERY QUESTION MARK YOU SOLVE, Inputs Standard Quantity Standard Price Direct materials 3.0 pounds $4.00 per pound Direct labor 0.50 hours
Please show FORMULAS FOR EVERY QUESTION MARK YOU SOLVE, | |||||
Inputs | Standard Quantity | Standard Price | |||
Direct materials | 3.0 | pounds | $4.00 | per pound | |
Direct labor | 0.50 | hours | $22.00 | per hour | |
Variable manufacturing overhead | 0.50 | hours | $6.00 | per hour | |
Actual results: | |||||
Actual output | 2,040 | units | |||
Actual variable manufacturing overhead cost | $4,946 | ||||
Actual Quantity | Actual price | ||||
Actual direct materials cost | 6,030 | pounds | $4.10 | per pound | |
Actual direct labor cost | 785 | hours | $21.70 | per hour | |
Enter a formula into each of the cells marked with a ? below | |||||
Main Example: Chapter 10 | |||||
Exhibit 10-4: Standard Cost Variance AnalysisDirect Materials | |||||
Standard Quantity Allowed for the Actual Output, at Standard Price | ? | pounds | ? | per pound = | ? |
Actual Quantity of Input, at Standard Price | ? | pounds | ? | per pound = | ? |
Actual Quantity of Input, at Actual Price | ? | pounds | ? | per pound = | ? |
Direct materials variances: | |||||
Materials quantity variance | ? | ||||
Materials price variance | ? | ||||
Materials spending variance | ? | ||||
Exhibit 10-6: Standard Cost Variance AnalysisDirect Labor | |||||
Standard Hours Allowed for the Actual Output, at Standard Rate | ? | hours | ? | per hour = | ? |
Actual Hours of Input, at Standard Rate | ? | hours | ? | per hour = | ? |
Actual Hours of Input, at Actual Rate | ? | hours | ? | per hour = | ? |
Direct labor variances: | |||||
Labor efficiency variance | ? | ||||
Labor rate variance | ? | ||||
Labor spending variance | ? | ||||
Exhibit 10-8: Standard Cost Variance AnalysisVariable Manufacturing Overhead | |||||
Standard Hours Allowed for the Actual Output, at Standard Rate | ? | hours | ? | per hour = | ? |
Actual Hours of Input, at Standard Rate | ? | hours | ? | per hour = | ? |
Actual Hours of Input, at Actual Rate | ? | hours | ? | per hour = | ? |
Variable overhead variances: | |||||
Variable overhead efficiency variance | ? | ||||
Variable overhead rate variance | ? | ||||
Variable overhead spending variance | ? |
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