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Chapter 10 and 11 Homework 2

# Chapter 10 and 11 Homework 2 - Cost Formula Actual Costs...

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Chapter 10 Problem 29 1) Materials price variance= 6,000(\$6.00-\$6.50)= \$3,000 F Materials quantity variance= \$6.50(6,000-5,600)= \$2,600 U 2) Labor rate variance= 760(\$10.00-\$9.00)= \$760 U Labor efficiency variance= \$9.00(760-800)= \$360 F 3) Variable manufacturing overhead spending variance= 760(\$5.00-\$3.00)= \$1,520 U Variable manufacturing overhead efficiency variance= \$3.00(760-800)= \$120 F Chapter 11 Problem 28 Overhead Item
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Unformatted text preview: Cost Formula Actual Costs Incurred Flexible Budget Based on 2,700 MHs Flexible Budget Based on 2,800 MHs Total Variance Spending Variance Efficiency Variance Supplies .70 1,836 1,890 1,960 124 F 54 F 70 F Power 1.20 3,348 3,240 3,360 12 F 108 U 120 F Lubricatio n .50 1,485 1,350 1,400 85 U 135 U 50 F Wearing Tools 3.10 8,154 8,370 8,680 526 F 216 F 310 F Totals 5.5 14,823 14,850 15,400 577 F 27 F 550 F...
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