Baguio Brass Inc - MPV MUV 1 Standard quantity and price of...

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MPV material price variance AQ(AP-SP) 1 Standard quantity and price of brass for one flute MUV material usage variance SP(AQ-SQ) Brass in finished product (kgs) 4.75 1000 units Material Allowance for normal waste (kg) 0.25 Quanatity (kg) Price/kg Price Total brass used (kg) per flute 5.00 Standard 5000 $3.50 $17,500.00 1000 Units Actual 5125 $3.55 $18,194.00 Actual Standard Variance Purchase price per kg $3.25 Variance -125 -$0.05 -$694.00 Material $18,194 $17,500 $694 Over Unfavorable Transport cost per kg $0.25 MPV $256.50 Over Unfavorable Labor $25,725 $25,000 $725 Over Unfavorable Total brass cost per kg $3.50 MUV $437.50 Over Unfavorable Overhead Variable $7,875 $8,663 -$788 Under Favorable Brass cost per flute $17.50 1000 units Labor Fixed $3,750 $4,025 -$275 Under Favorable LH Price/hrs Price Total overhead $11,625 $12,688 -$1,063 Under Favorable 2 Standard quantity and rate for direct labor for one flute Standard 2500 $10.00 $25,000.00 Actual 2450 $10.50 $25,725.00 Total cost $55,544
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This note was uploaded on 01/16/2012 for the course MBA 101 taught by Professor Wormer during the Spring '08 term at Indian Institute Of Management, Ahmedabad.

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