Chapter 10 Individual Assignment

Chapter 10 Individual Assignment - Chapter 10 Individual...

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Chapter 10 Individual Assignment ADMN 3107 March 15, 2011 ARSHDEEP SANDHU 1
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Problem 10-40 1. Type I fertilizer: Price Variance: Actual quantity purchased x actual price 5000 kg x .53 = $2650 Actual quantity purchased x standard price 5000 kg x .50 = 2500 Direct-material price variance = $150 unfavorable Quantity Variance: Actual quantity used x standard price 3700 kg x .50 = $1850 Standard quantity allowed x standard price 4400 kg x .50 = 2200 (40kg x 55 x2) Direct-material quantity variance = $350 favorable Type II fertilizer: Price Variance: Actual quantity purchased x actual price 10,000 kg x .40 = $4000 Actual quantity purchased x standard price 10,000 kg x .42 = 4200 Direct-material price variance = $200 favorable Quantity Variance: Actual quantity used x standard price 7800 kg x .42 = $3276 Standard quantity allowed x standard price 8800 kg x .42 = 3696 (40kg x 55 x4) Direct-material quantity variance = $420 favorable 2
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2. Direct labor variances: Rate variance: Actual hours used x actual rate 165 hours x 11.50 = $1897.50 Actual hours used x standard rate 165 hours x 9 = 1485 Direct labor rate variance = $412.50 unfavorable
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This note was uploaded on 03/27/2011 for the course ECON 1106 taught by Professor Abc during the Spring '11 term at Algoma University.

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Chapter 10 Individual Assignment - Chapter 10 Individual...

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