CH10 Solutions

CH10 Solutions - Chapter10reviewexercisessolution

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What was the material quantity variance? =(AQ - SQ)SP AP x AQ SP x AQ SP x SQ = (10,500 - 10,000)$4.00 =$4.50 x 10,500 =$4.00 x 10,500 =$4.00 x 10,000  $2,000.00  U  $47,250.00   $42,000.00   $40,000.00   $5,250.00  U  $2,000.00  U SQ = unit std x actual output Price Var Usage Var SQ = 2lbs x 5,000 units = 10,000 lbs  $7,250.00  U What was the material price variance? Bud Var =(AP - SP)AQ = ($4.50 - $4.00) 10,500 lbs  $5,250.00  U What was the direct labor efficiency variance? =(AH - SH)SR AR x AH SR x AH SR x SH = (4,500 - 5,000 )$8.00 =$8.50 x 4,500 =$8.00 x 4,500 =$8.00 x 5,000  $(4,000.00) F  $38,250.00   $36,000.00   $40,000.00   $2,250.00  U  $(4,000.00) F Rate Var Efficiency Var What was the direct labor rate variance? =(AR - SR)AH  $(1,750.00) F = ($8.50 - $8.00) 4,500 hrs Bud Var  $2,250.00  U What is the unit standard for direct labor? SH = unit std x actual output
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CH10 Solutions - Chapter10reviewexercisessolution

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