Standard Costing Questions

1. Price var = 25 fav , quant var = 19 unf . Find the total var (indicate dollar amount and fav or unf)

2. Stand hrs x Stand rate = 300 ; Act hrs X Act rate= 350 ; price var= 60 unfav. Find the quant variance ( indicate $ amount and if fav or unf)

3. Standard per suit is 8 hours @ 8 per hour . Made 10 suits. Used 85 hours @ 7 per hour

36A) find the quant var (indicate $ amount and if fav or unf)

36B) find the rate var ( indicate $ amount and if fav or unf)

4. Standard per suit is 10 lbs material @ 10 per lb. Made 10 suits

Used 95 lbs , bought 107 lbs @ 12 per lb. Find the quant variance (indicate $ amount and fav or unf)