Subject : Budgeting in business Please fill in all the blanks

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 Uses 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 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 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 A .../. .......................... 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. ......... ( - ) favorable / unfavorable . Material quantity variance calculation Actual output.............cups should use total material............ unit Standard quantity material A = .................... unit Standard quantity material B ................ unit Standard quantity material ................. unit unit Calculation of material quantity variance based on actual output (...................cups) with standard output (................. cups) Total Variance Material Yield Variance + Material Mix Variance Material Quantity Standard quantity based on actual Quantity Standard (type) Used output Variance Price A ........... B Total Material variance calculation Material purchase price variance Material yield variance Material mix variance Total material variance - Rp -/+Rp. - Rp. IR..................... 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..........) 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 * Rp Labor yield variance Standard time x standard tariff = ..................... Standard time x actual tariff = .........../ Labor yield variance (Because output variance is Labor yield variance is ....... ...) ..) = Rp. ....) = Rp. .... Rp thus Rp. Labor cost variance Labor yield variance Labor yield efficiency variance Labor yield variance Total labor cost variance == Rp. -/+ Rp. - Rp. - 4 Rp