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Valley_View_Hospital_Variances.xlsx

Valley_View_Hospital_Variances.xlsx - Student Name VALLEY...

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Student Name: VALLEY VIEW HOSPITAL Materials Price and Quantity Variance Standard Actual Actual Standard Standard Actual qty. Actual qty. qty. quantity price quantity price @ actual price @ std. price @ std. price 12,000 $2.35 8,400 $2.50 $28,200 $30,000 $21,000 Price Variance $1,800 Favorable Quantity Variance $5,250 Unfavorable VALLEY VIEW HOSPITAL Labor Rate and Efficiency Variances Standard Actual Actual Standard Standard Actual hours Actual hours hours hours rate hours rate @ actual rate @ std. rate @ std. rate 1,150 $12.00 900 $14.00 $13,800 $16,100 $12,600 Rate Variance $2,300 Favorable Efficiency Variance $3,500 Unfavorable Total Variance $1,200 Unfavorable VALLEY VIEW HOSPITAL Variable Overhead Spending and Efficiency Variances Standard Actual Actual Standard Standard Actual hours Actual hours hours hours rate hours rate @ actual rate @ std. rate
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