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

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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
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This note was uploaded on 12/28/2011 for the course ACCT 221 taught by Professor Leonarda.bacon during the Winter '07 term at CSU Bakersfield.

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

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