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Please solve for: material Price Variance: Material Quantity Variance: Labor Rate variance: Labor efficency variance: Controllable Overhead variance: Volume Overhead Variance: Data Provided in the
Please solve for:
material Price Variance:
Material Quantity Variance:
Labor Rate variance:
Labor efficency variance:
Controllable Overhead variance:
Volume Overhead Variance:
Data Provided in the Grey box above!
Thanks!
Chapter 11 Germ Free produces hand sanitizer. It uses units of production as the cost driver for overhead and employs a standard costing system. The following information was provided by the company's controller for the month of Mau nmnlete the temnlate helnw to caleulate thp rennired variances Actual Budget Units Produced 145,000 142,000 eriais Purcnasea total 52,000 0.350 $7.10 7.00 Materials kilograms per unit Material Cost per kilogram Materials used total kilograms Total labor hours used Labor hours per unit Labor wage per h Fixed Oyerhead- Total Wariable Overhead Total Variable Overhead -per unit Overheadrate per unit 51,600 7,520 0.050 $ 14.75 15.00 $143,500 $142,000 111,250 $ 113,600 $ 0.80 $1.80 our Material Based on Materials Purchased Actual Based on Materials Used Fl budget Actual Fl Bdgt Amounts Price Total Price Variance Quantity Variance Labor Amounts Price Total Actual Fl Bdgt Rate Variance Efficiency Variance Overhe. Actual Applied Total Controllable OH Variance VolumeStep by Step Solution
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