CH10 - Variance Template

CH10 - Variance Template - Actual Quantity Purchased Actual...

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 Actual Quantity Purchased   45,000   Actual Quantity Used   45,000   Standard Quantity Used   50,000   Actual Price   $2.10   Standard Price   $2.00   Materials Price Variance   Price Variance   Difference   ITEM   45,000   $2.00   $2.10   $(0.10)  $(4,500.00)  Quantity Variance   Difference   ITEM   $2.00   50,000   45,000   5,000   $10,000.00   Total Materials Price Variance   $5,500.00   Actual  Quantity   Standard  Price   Actual  Price   Total Price  Variance   Standard  Price   Standard  Quantity   Actual  Quantity   Total Price  Variance 
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 Unfavorable   Favorable   Favorable 
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 Actual Hours   1,050   Standard Hours   1,200   Actual Rate   $6.30   Standard Rate   $6.00   labor rate Variance   rate Variance   Difference   ITEM   1,050   $6.00   $6.30   $(0.30)  $(315.00)  Efficiency Variance   Difference   ITEM   $6.00   1,200   1,050   150   $900.00   Total labor rate Variance   $585.00   8.40   Actual  Hours   Standard  rate   Actual  rate 
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