# e11-5 - Name Date Instructor Course rd Managerial...

This preview shows pages 1–2. Sign up to view the full content.

FileName: 8042ad21c1caa6615a085ca3186262f9dfa32357.xls, Tab: Exercise E11-5, Page 1 of 2, 12/28/2011, 19:01:42 Name: Date: Instructor: Course: Direct materials 8 pounds at \$2.50 per pound \$20.00 Direct labor 3 hours at \$12.00 per hour \$36.00 During the month of April, the company manufactures 240 units and incurs the following actual costs. Direct materials purchased and used 1,900 pounds \$4,940.00 Direct labor 700 hours \$8,120.00 Instructions: Compute the total, price, and quantity variances for materials and labor. Total materials variance: ( Title X Title ) - ( Title X Title ) ( Formula X Formula ) - ( Formula X Formula ) Formula - Formula = Formula Text Materials price variance: ( Title X Title ) - ( Title X Title ) ( Formula X Formula ) - ( Formula X Formula ) Formula - Formula = Formula Text Materials quantity variance: ( Title X Title ) - ( Title X Title ) ( Formula X Formula ) - ( Formula X Formula ) Formula - Formula = Formula Text Total labor variance: ( Title X Title ) - ( Title X Title ) ( Formula X Formula ) - ( Formula X Formula ) Formula - Formula = Formula Text Labor price variance: ( Title X Title ) - ( Title X Title ) ( Formula X Formula ) - ( Formula X Formula ) Formula

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern