CH10 Solutions

# CH10 Solutions - =(AQSQ)SP =(10,50010,000)\$4.00 \$2,000.00 U...

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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 - =(AQSQ)SP =(10,50010,000)\$4.00 \$2,000.00 U...

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