Burkhart-Problems 8-5 and 8-7

# Burkhart-Problems 8-5 and 8-7 - Name Section Problem 8-5...

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

Name: Section: Problem 8-5 When amounts or calculations are correct the cell will change to green. Difference Variance 1. Materials quantity variance for Class 80,000 ft. 78,000 ft. 2,000 F \$0.75 /ft. \$1,500 F 2. Materials quantity variance for Chic 24,000 ft. 26,000 ft. 2,000 U \$1.00 /ft. \$2,000 U 5. Labor efficiency variance 32,000 hrs. 31,000 hrs. 1,000 F \$8.00 /hr. \$8,000 F Difference Variance 3. Materials purchase price variance for Class \$0.75 /lb. \$0.72 /lb. \$0.03 F 100,000 ft. \$3,000 F 4. Materials purchase price variance for Chic \$1.00 /lb. \$1.05 /lb. \$0.05 U 30,000 ft. \$1,500 U 6. Labor rate variance \$8.00 /hr. \$7.80 /hr. \$0.20 F 31,000 hrs. \$6,200 F Standard Quantity or Hours Actual Quantity or Hours Standard Cost Standard Cost Actual Cost Actual Quantity or Hours

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

View Full Document
Problem 8-7 Brittany Burkhart 1. Equivalent Production Materials: Work in Process, 1rst of Month 0 Units started and finished during Month 9000 Work in Process, 31 of Month 860 Total Equivalent Production 9860 Labor:
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 11/29/2009 for the course ACC ACC300 taught by Professor Jones during the Spring '09 term at Central Pennsylvania.

### Page1 / 5

Burkhart-Problems 8-5 and 8-7 - Name Section Problem 8-5...

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

View Full Document
Ask a homework question - tutors are online