Copy of Xl0000001

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

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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
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