TAREA 7.1 Conjunto B de ejercicios

Determinacin de variantes

Instrucciones

1. Direct materials variances (9 pts)

• The standard cost of product B includes 3 units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, the 29,000 units of direct materials are used to produce 9,400 units of product B.

Instructions:

1. Compute (1) Materials price variance, (2) Quantity Variance and (3) Total materials variance.

1. Direct labor variances (9 pts)

• Lewis Co. standard labor cost of producing one (1) unit of product DD is 4 hours at the rate of $12.00 per hour. During August, 40,600 hours of labor are incurred at a cost of $12.15 per hour to produce 10,000 units of product DD.

Instructions:

1. Compute (1) Materials price variance, (2) Quantity Variance and (3) Total materials variance.

1. Direct labor variances (9 pts)

• Lewis Co. standard labor cost of producing one (1) unit of product DD is 4 hours at the rate of $12.00 per hour. During August, 40,600 hours of labor are incurred at a cost of $12.15 per hour to produce 10,000 units of product DD.

Instructions:

1. Compute the labor price variance.
2. Compute the quantity variance.
3. Compute the total labor variance.

1. Factory overhead controllable variance and the overhead volume variance (3 pts)

Rodd manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2023, 11,250 suits were produced. The following standard and actual cost data applied for the month of May when normal capacity was 14,000 direct labor hours.

Cost element	Standard (per unit)	Actual
Direct labor	1.2 hours at $13,40 per hour	$200,925 for 14,250 hours ($14.10 per hour)
Overhead	1.2 hours at $6.10 per hour (fixed $3.50; Variable $2.60)	$49,000 fixed overhead $37,000 variable overhead

Using the above data compute:

1. Overhead controllable variance

1. Overhead volume variance