Cengage_Now_Assignment_13_Solutions

Cengage_Now_Assignment_13_Solutions - VOHEV = $30 F 8. (E...

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Cengage Now Assignment 13 Solutions 1. (MC 10-1) Answer: B 2. (MC 10-7) Answer: D Direct material price variance = AQ purchased x (AP- SP) = 22,000 x ($1.54 - $1.50) = $880 U 3. (MC 10-8) Answer: B Direct material usage variance = SP x (AQ used - SQ) = $1.50 x (22,000 - 21,000) = $1,500 U 4. (MC 10-9) Answer: C Direct labor rate variance = AH x (AR - SR) = 320,000 ($.29 - $.30) = $3,200 F 5. (MC 10-10) Answer: B Direct labor efficiency variance = SR x (AH - SH) = $.30 x (320,000 - 315,000) = $1,500 U 6. (MC 10-11) Answer: B VOHSV = Variable overhead spending variance VOHSV = Actual variable overhead expense – (AH x SVR) VOHSV = $33,750 – (11,990 x $3) VOHSV = $2,220 F
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7. (MC 10-12) Answer: D VOHEV = Variable overhead efficiency variance VOHEV = (AH x SVR) – (SH x SVR) VOHEV = (11,990 x $3) – (12,000 x $3)
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Unformatted text preview: VOHEV = $30 F 8. (E 10-5) A. DM price variance = AQ purchased (AP SP) DM price variance = 990 feet ($1.45 - $1.50) DM price variance = $49.50 F B. DM usage variance = SP (AQ used SQ) DM usage variance = $1.50 (990 1,100) DM usage variance = $165 F 9. (E 10-6) A. DL rate variance = AH (AR SR) DL rate variance = 2,420 ($12.05 - $12.00) DL rate variance = $121 U B. DL efficiency variance = SR (AH SH) DL efficiency variance = $12.00 (2,420 2,200) DL efficiency variance = $2,640 U 10. (E 10-5) A. VOHSV = Actual variable overhead expense (AH x SVR) VOHSV = $66,810 (13,000 x $5) VOHSV = $1,810 U B. VOHEV = SVR (AH SH) VOHEV = $5 (13,000 13,100) VOHEV = $500 F...
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Cengage_Now_Assignment_13_Solutions - VOHEV = $30 F 8. (E...

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