ACCT 225 - Assignment 7-2

ACCT 225 - Assignment 7-2 - Problem 8-13A (75 minutes) 1 a....

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 a. In the solution below, the materials price va Actual Quantity of Input, at Actual Quantity Actual Price of Input, at Standard Price (AQ × AP) (AQ × SP) 12,000 ounces × $20.00 per ounce $225,000 = $240,000 Price Variance, $15,000 F 9,500 ounces × $20.00 per ounce = $190,000 Quant *3,750 units × 2.5 ounces per unit = 9,375 ou Alternatively: Materials price variance = AQ (AP – SP) 12,000 ounces ($18.75 per ounce* – $20.00 p *$225,000 ÷ 12,000 ounces = $18.75 Materials quantity variance = SP (AQ – SQ)  $20.00 per ounce (9,500 ounces – 9,375 oun Problem 8-13A  (75 minutes)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
b. Yes, the contract probably should be signed 2 a. Actual Hours of Actual Hours of Input, at the Input, at the Actual Rate Standard Rate (AH × AR) (AH × SR) 5,600 hours* × 5,600 hours × $12.00 per hour $12.50 per hour = $67,200 = $70,000 Rate Variance, Ef $2,800 F Total Variance,
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/02/2008 for the course ACCT 225 taught by Professor H during the Winter '08 term at Franklin.

Page1 / 15

ACCT 225 - Assignment 7-2 - Problem 8-13A (75 minutes) 1 a....

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online