BA511-L7A2 - Student Name Class VITALITE INC Computations 1...

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Student Name: Class: VITALITE, INC. Computations Standard Variable Costs: 1. Total standard cost for units produced during August: Total standard cost for units $21,000 Direct materials Less standard cost of labor and overhead: Direct labor Direct labor 8,000 Variable manufacturing overhead Variable manufacturing overhead 1,600 Total standard cost per kit Standard cost of materials $11,400 Correct! Kits manufactured and sold 2. Yards of material required at standard per kit: Standard cost of materials $11,400 Number of units produced 500 Standard cost per kit $22.80 Total standard cost Standard cost per yard 6.00 Actual costs incurred Yards per kit 3.8 Materials price variance Correct! Materials quantity variance 3. Materials price variance for August: Labor rate variance Actual cost of material used $10,000.00 or minus Labor efficiency variance Standard cost of material used 11,400 Variable overhead spending variance Total variance $1,400 Unfavorable Variable overhead efficiency variance
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This note was uploaded on 06/14/2010 for the course BA ADF1 taught by Professor Russell during the Winter '09 term at Antelope Valley College.

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BA511-L7A2 - Student Name Class VITALITE INC Computations 1...

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