# BE13 - Homework 13 Breif Exercises BE26-1 a Standard cost...

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Homework # 13 Breif Exercises BE26-1 a) Standard cost Materials = \$2.00 Labor = \$3.20 b) Budgeted cost Materials = \$1,000,000 Labor = \$1,600,000 BE26-2 a) Item Price Net purchase price \$3.20 Freight-in \$0.20 Receiving and handling \$0.10 Standard direct materials price per gallon \$3.50 b) Item Required materials 2.6 Allowance for waste 0.4 Allowance for spoilage 0.4 Standard direct quantity per gallon 3.4 c) Total standard direct material cos per gallon \$11.90 BE26-3 a) Item Price Price - hourly wage rate \$10.00 Payroll taxes \$0.80 Fringe benefits \$1.20 Standard direct labor rate per hour \$12.00 b) Item Quantity (Hours) Actual production time 1.2 Rest periods and cleanup 0.25 Setup and dpwntime 0.15 Standard dirct labor hours per gallon 1.6 c) Total standard direct labor cost per gallon \$19.20 BE26-4 Actual Price(AP) = \$5.07 MPV = AQ * AP-SP U \$231.00 3,300 (\$5.07-\$5.00) Quantity (Gallons)

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Standard Quantity(SQ) = 3000 MQV = SP * AQ-SQ U \$1,500.00 \$5.00 (3 300-3 000) TMV = AQ*AP - SQ*SP U \$1,731.00 \$16,731.00 \$15,000.00 BE26-5 Stansard rate(SR) = \$10.00 LPV = AH * AR-SR F 760 1,900 (\$9.60-\$10.00) Standard hours(SH)= 2000 LQV = SR * AH-SH F \$1,000.00 \$10.00 (1 900-2 000) TLV = AH*AR - SH*SR F \$1,760.00
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