problem 21-1b

problem 21-1b - Total direct materials cost variance Actual...

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Problem 21-2B Name: Section: Enter the appropriate amount in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. 1. a. Direct Materials Variance Cocoa Sugar Price variance: Actual price $7.75 $1.68 Standard price 8.00 1.50 Variance $(0.25) $0.18 Actual quantity x 75,500 x 113,800 Direct materials price variance $(18,875) F $20,484 U Quantity variance: Actual quantity used 75,500 113,800 Standard quantity used Variance Standard price x x Direct materials quantity variance Total direct materials cost variance
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Unformatted text preview: Total direct materials cost variance: Actual cost Standard cost Total direct materials cost variance b. Direct Labor Variance Rate variance: Actual rate Standard rate Variance Actual time x x Direct labor rate variance Time variance: Actual time Standard time Variance Standard rate x x Direct labor time variance Total direct labor cost variance Total direct labor cost variance: Actual cost Standard cost Total direct labor cost variance Dark Chocolate Light Chocolate 2. Total $1,609 U Total...
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problem 21-1b - Total direct materials cost variance Actual...

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