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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This note was uploaded on 11/16/2009 for the course ACCT 152 taught by Professor Bayak during the Spring '07 term at Lehigh University .

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