Flandro_Variances (1).xlsx

Flandro_Variances (1).xlsx - Student Name FLANDRO COMPANY...

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Student Name: FLANDRO COMPANY Standard Cost Card Standard Standard Quantity Price Standard or Hours or Rate Cost Direct material (yards) 3.0 $4.40 $13.20 Direct labor (hours) 1.0 $12.00 12.00 Variable manufacturing overhead (hours) 1.0 $5.00 5.00 Fixed manufacturing overhead (hours) 1.0 $11.80 11.80 Standard cost per unit $42.00 FLANDRO COMPANY Materials and Labor Variances Materials variances: Actual quantity 24,000 Actual price $4.80 Standard price $4.40 Materials price variance $9,600.00 Unfavorable Standard price $4.40 Actual quantity 18,500 Standard quantity 18,000 Materials quantity variance $2,200 Unfavorable Correct! Labor variances: Actual hours 5,800 Actual rate $13.00 Standard rate $12.00 Labor rate variance $5,800 Unfavorable Correct! Standard rate $12.00 Actual hours 5,800 Standard hours 5,000 Labor efficiency variance Err:509 Favorable Err:509
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Student Name: FLANDRO COMPANY Variable Manufacturing Overhead Variances Actual Actual Standard Standard Actual hours Actual hours hours rate hours rate @ actual rate @ std. rate 5,800 Spending Variance Efficiency Variance Total Variance FLANDRO COMPANY Fixed Manufacturing Overhead Variances Flexible
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