Copy of Xl0000001

# Copy of Xl0000001 - Exercise 12-9 Standard Cost Sheet...

This preview shows pages 1–2. Sign up to view the full content.

Exercise 12-9 = To be Calculated Standard Cost Sheet: Massage Chair Description of Cost T. Quantity Q. per Chair DM/DL Cost Cost per Chair Total Cost Metal Tubing 3,000 6 meters @ \$3.00 \$18.00 \$9,000.00 Leather 1,000 2 sq meters @ \$7.00 \$14.00 \$7,000.00 Padding 1,500 3 kilograms @ \$4.00 \$12.00 \$6,000.00 Direct Labor 2,000 4 hours @ \$15.00 \$60.00 \$30,000.00 \$104.00 \$52,000.00 no of chairs 500 Actual Costs Incurred for the Month: Massage Chair Description of Cost T. Quantity Q. per Chair DM/DL Cost Cost per Chair Total Cost Metal Tubing 3,100 6 meters @ 3.05 18.30 \$9,455 Leather 1,100 2 sq meters @ 7.02 14.04 \$7,722 Padding 1,600 3 kilograms @ 4.10 12.30 \$6,560 Direct Labor 1,800 4 hours @ 15.15 60.60 \$27,270 \$105 \$51,007 >>> 500 Chairs are manufactured >>> Calculate all materials and labor variances (price, quanity, wage rate, labor efficiencey) >>> Write short memo summarizing/analyzing the operations. (Areas that are Favorable/Unfavorable) Price Variance Actual Quantity Price (DELTA) Total Variance F or U Metal Tubing 3,100 3.05 - 3.00 \$155.00 U Leather 1,100 7.02 - 7.00 \$22.00 U Padding 1,600 4.10 - 4.00 \$160.00 U Direct Labor 1,800 15.15 - 15.00 \$270.00 U Total Price Variance \$607 U Quantity Variance Standard Price Quantity (DELTA) Total Variance F or U Metal Tubing \$3.00 3,100 - 3,000 \$300.00 U Leather \$7.00 1,100 - 1,000 \$700.00 U Padding \$4.00 1,600 - 1,500 \$400.00 U Direct Labor \$15.00

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

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern