ACCT 241 project 4 - (-1) (2) (3) (4) (5) Difference Rate...

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Colonial Pwerter Company Price and Quantity Variances - Pewter (-1) (2) (3) (4) (5) Difference Total Price Quantity Actual Standard In Price Variance Purchased Price Price (3) - (2) (1) x (4) 54,160 $7.30  $7.40  $0.10  $5,416  Favorable Actual Standard Difference Quantity Standard Quantity Quantity in Quantity Variance Price Used  Allowed (3) - (2) (1) x (4) $7.40  54,160 53760 (400) ($2,960) Unfavorable Total Materials Variance $2,456  Favorable Standards: Direct materials standard quanity 6.4 pounds/unit Direct materials standard price $7.40  per pound Actual: Production 8,400 pairs Materials purchased and used 54,160 pounds Materials price $7.30  per pound
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Colonial Pewter Company Labor Rate and Efficiency Variances - Pewter Bookends
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Unformatted text preview: (-1) (2) (3) (4) (5) Difference Rate Hours Actual Standard In Rate Variance Worked Rate Rate (3) - (2) (1) x (4) 46,970 $13.90 $13.70 ($0.20) ($9,394) Unfavorable Actual Standard Difference Efficiency Standard Hours Hours in Hours Variance Rate Worked Allowed (3) - (2) (1) x (4) $13.70 46,970 47040 70 $959 Favorable Total Direct Labor Variance ($8,435) Unfavorable Standards: Direct labor standard allowed 5.6 hours/unit Direct labor standard rate $13.70 per hour Actual: Production 8,400 pairs Direct labor hours worked 46,970 hours Direct labor wage rate $13.90 per hour...
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This homework help was uploaded on 04/03/2008 for the course ACC 241 taught by Professor Okopny during the Spring '08 term at Eastern Michigan University.

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ACCT 241 project 4 - (-1) (2) (3) (4) (5) Difference Rate...

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