Burkhart-Chapter8MiniCase

Burkhart-Chapter8MiniCase - Chapter 8 Mini Case 1. Net...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 8 Mini Case 1. Net Variances Materials Labor Factory Overhead Total 2 Direct Materials-Mixing Actual Cost 30,000lbs. *$0.52= $15,600 $600 (Unfavorable) Materials Price Variance Comments: The price of materials could have went up, or they could have had an accident a Direct Materials - Blending Actual Cost 5,500gal. * $0.95= $5,225 $275 (Favorable) Materials Price Variance Comments: The materials could have been purchased for less or they could have gotten mo Direct Labor - Mixing Direct Materials - Blending Actual Cost 6800hrs. * $8.00= $54,400 $0 Labor Rate Variance Comments: They may have had workers who worked quicker or had more workers than usu Direct Labor - Blending Actual Cost 5600hrs * $10.20= $57,120 $1,120 (Unfavorable) Labor Rate Variance
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Comments: The reason for unfavorable could be that the workers worked slower than norma 3 Journal Entries: Work in Process - Mixing Materials Quantity Variance Materials Price Variance Materials Work in Process - Blending Materials Price Variance
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 6

Burkhart-Chapter8MiniCase - Chapter 8 Mini Case 1. Net...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online