PROBLEM 11 - PROBLEM 11-1A Total materials variance...

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Unformatted text preview: PROBLEM 11-1A Total materials variance: ( AQXAP) (15,000 X $4.90) $73,500 *7,600 X 2 Materials price variance: ( AQXAP) (15,000 X $4.90) $73,500 (SQXSP) (15,200* X $5.00) $76,000 = $2,500F (AQXSP) (15,000 X $5.00) $75,000 = $1,500F Materials quantity variance: ( AQXSP) (SQXSP) (15,000 X $5.00) (15,200 X $5.00) $75,000 $76,000 Total labor variance: ( AHXAR ) (14,900 X $12.20) $181,780 *7,600 X 2 Labor price variance: ( AHXAR ) (14,900 X $12.20) $181,780 (SHXSR) (15,200* X $12.00) $182,400 = $1,000F = $620F (AHXSR) (14,900 X $12.00) $178,800 = $2,980U Labor quantity variance: ( AHXSR ) (SHXSR) (14,900 X $12.00) (15,200 X $12.00) $178,800 $182,400 Total overhead variance: Actual Overhead ($88,990 + $44,000) $132,990 = $3,600F Overhead Applied (15,200 X $9.00*) $136,800 = $3,810F *Standard per labor hour overhead cost ($6 variable + $3 fixed). PROBLEM 11-1A (Continued) Overhead controllable variance: Actual Overhead Overhead Budgeted ($88,990 + $44,000) [($45,000 + (15,200 X $6)] $132,990 $136,200 Overhead volume variance: Fixed Normal Overhead X Capacity Rate Hours 3.00/hr. X (15,000 = $3,210F Standard Hours Allowed 15,200) = $600F ...
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This note was uploaded on 05/16/2011 for the course AC 303 taught by Professor Richardkido during the Spring '11 term at Chaminade University.

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