Frame assembly direct material paint standard

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Frame Assembly Direct Material: Paint Standard Quantity (SQ) 1,250gals/10,000 Bicyles 0.13 Actual Price (AP) $20.50 Actual Quantity (AQ) 1,375gals/10,800 Bicyles 0.13 Per Unit Exhibit 4 Section 1 (d) Frame Assembly Direct Material Variance: Paint Frame Assembly Direct Material Variance: Steel Tubing Usage Variance (SQ) - (AQ) * (SP) (.13gal - .13) * $20.00 $0.05 Per Unit Unfavorable (U) Price Variance (SP-AP) * AQ ($30.00 - 31.50) * 10.50 (0.06) U Total Variance Per Unit (0.11) U Total Variance ($1,187.50) U Exhibit 4 Section 1 (e) Frame Assembly Direct Material Variance: Labor Frame Assembly Direct Material: Labor Formula Standard Per Unit Cost Actual Per Unit Cost Standard Price (SP) $15.00 Standard Quantity (SQ) 100,000hrs/10,000 Bicyles 10.00 Actual Price (AP) $15.25 Actual Quantity (AQ) 100,200hrs/10,800 Bicyles $9.28 Per Unit Exhibit 4 Section 1(f) Wheel Assembly Direct Material Variance: Labor Frame Assembly Direct Material Variance: Labor Usage Variance (SQ) - (AQ) * (SP) (10hrs-9.28hrs) * $15.00 $10.83 Per Unit Favorable (F) Price Variance (SP-AP) * AQ ($15.00 - 15.25) * 9.28hrs (-$2.32) U Total Variance Per Unit $8.51 F Total Variance $91,950.00 F Exhibit 4 Direct Cost Variances 5
Exhibit 4 Section 2(a) Wheel Assembly Direct Material: Parts Wheel Assembly Direct Material: Parts Formula Standard Per Unit Cost Actual Per Unit Cost Standard Price (SP) $120.00 Per Kit Standard Quantity (SQ) 1 Kit/10,000 Bicycles Actual Price (AP) Actual Quantity (AQ) Exhibit 4 Section 2(b) Wheel Assembly Direct Material Variance: Parts Wheel Assembly Direct Material Variance: Parts Usage Variance (SQ) - (AQ) * (SP)

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