Burkhart-Problems 8-5 and 8-7

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

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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
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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:
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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.

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

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