Doncouse_Jeremy_Week5

Doncouse_Jeremy_Week5 - Jeremy Doncouse Ex 9-2 Direct...

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Jeremy Doncouse Ex 9-2 Standard Usage Standard Price Direct Materials 6.25 pounds $4 Direct Labor 1.5 hrs $13 1) SQ = Unit quantity standard X Actual output 300,000 units = 6.25 X 300,000 = 1875000 lbs. 2) SH = Unity quantity standard X Actual output 300,000 units = 1.5 X 300,000 = 450000 direct labor hrs.
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Ex 9-3 Name: Jeremy Doncouse Enter the appropriate amounts in the shaded cells in columns B, D, F, H, J, and L. 1) Material variances: AQ x AP AQ x SP SQ x SP 855,000 x $0.055 855,000 x $0.060 825,000 x $0.060 855000 0.06 $47,025 $51,300 $49,500 $4,275 F $1,800 U MPV MUV 2) Labor variances: AH x AR AH x SR SH x SR 7,800 x $2.25 7,800 x $2.00 7,500 x $2.00 7800 2.25 $17,550 $15,600 $15,000 $1,950 U $600 U LRV LEV Enter the appropriate account titles in the shaded cells in columns B and D. Enter the appropriate amounts in the shaded cells in columns F and H. 3) Journal entries: Materials Materials Inventory 51,300 Direct Materials Price Variance 4,275 Accounts Payable 47,025 Work in Process
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  • Fall '10
  • n/a
  • Direct material price variance, status quo, shaded cells, Sporting Goods Division, Jeremy Doncouse, Margin NOI Sales

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Doncouse_Jeremy_Week5 - Jeremy Doncouse Ex 9-2 Direct...

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