PROBLEM 11

# 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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