B

hours

1030

Labor-hours

640
yards

yards

ACTUAL PRICE
TOTAL STANDARD QUANTITY
STANDART PRICE
MATERIAL PRICE VARIANCE =

2.5

5.44
5150 YARDS
$
7.60
$ 11,880.00 F

MATERIAL QUANTITY VARIANCE =

4000 YARDS
$ 11,400.00 U

Actual rate
Standart rate
Labor rate variance

$
$
$

standard hours required

LABOR efficiency variance

11.75
9.00
1,760.00 U

800
$

labor hours

1,440.00 F

Actual rate per hour

standart rate per hour

$
$

variable overhead rate variance

standart variable overhead rate is

VARIABLE OVERYHEAD EFFICIENCY VARIANCE IS

$
$

6.25
3.40
1,824.00 U

3.40
544.00 F

2060

sets

$39,140.00 $ 19.00
$ 9,270.00
4.5

5500

$ 3,502.00

1.7
$ 25.20

1600

sets

$29,920.00 $ 18.70

$ 7,520.00
$ 4,000.00

check urs

check urs

check urs

check urs

4.7
2.5
$ 25.90

check urs

check urs

Standard Price
or Rate

Standard Quantity
or Hours
Direct
materials
Direct
labor

3.00 feet

5.00

? hours

Materials
quantity
variance

4,200

Labor
spending
variance

3900

Labor
efficiency
variance

680

Material actual cost

Material spending value

$ 19.68

14040 U
4,200
4,200 =

Material quantity variance

ACTUAL PRICE

Material price variance

DIRECT LABOUR

Price variance
Spending variance

$
$

6.00
1.00
9840

9,840.00 U
680 =
680

XX-

Standard Price
or Rate

Standard
Cost

per foot

15.00

per hour

3000
15000
49,200

$ 59,040.00

COST

3000

UNITS

4600

hours

$ 34,500.00

COST of this labor

3000

3.00

9000
45000
=

15000

3.28

4600 *
4600
$ 35,180.00 =

$
$
$

34,500.00 \
7.50
7.50 *X

4600

$
$

4,690.67

7.50
3220
6.80

-4500
4500 ABS

1.56 hour per unit

STANDARD HOURS

5.00

actual quantity per unit

TANDARD HOURS

hours

780

Labor-hours

800

yards

yards

ACTUAL PRICE
TOTAL STANDARD QUANTITY
STANDART PRICE
MATERIAL PRICE VARIANCE =

$
$

6.00
5850 YARDS
6.70
4,704.00 F

MATERIAL QUANTITY VARIANCE =

6300 YARDS
2,814.00 U

Actual rate
Standart rate
Labor rate variance

$
$
$

standard hours required

10.50
9.40
880.00 U

840

labor hours

LABOR efficiency variance

376.00 F

Actual rate per hour

standart rate per hour

$
$

variable overhead rate variance

standart variable overhead rate is

VARIABLE OVERYHEAD EFFICIENCY VARIANCE IS

$
$

6.00
3.00
2,400.00 U

3.00
120.00 F

35.4

1950

sets

$39,195.00 $ 20.10
$ 7,332.00
3.76
$ 2,340.00

1.2
$ 25.06

2100

sets

6720

check urs

check urs

check urs

$40,320.00 $ 19.20
$ 8,400.00
4
$ 4,800.00
2.29
$ 25.49

check urs

check urs

check urs

Standard Price
or Rate

Standard Quantity
or Hours
Direct
materials
Direct
labor

3.00 feet

5.00

? hours

During March, the company purchased direct materials at a cost of $58,050,

of 3,320 units of product. In addition, 4,900 hours of direct labor time were work
cost of this labor time was $39,150. The following variances have be

Materials
quantity
variance

2,700

Labor
spending
variance

690

Labor
efficiency
variance

640

Material actual cost

Material spending value

Material quantity variance

$ 17.48
8250 U
2,700
2,700 =

ACTUAL PRICE

$
$

Material price variance

DIRECT LABOUR

Price variance
Spending variance

5.53
0.53
10500
5,550.00 U

640 =
640

XX-

Standard Price
or Rate

Standard
Cost

per foot

15.00

per hour

s at a cost of $58,050, all of which were used in the production

ct labor time were worked on the product during the month. The
wing variances have been computed for the month:

3320
16600
52,500

$ 58,050.00

COST

3320

UNITS

4900

hours

$ 39,150.00

COST of this labor

3320

3.00

9960
49800
=

16600

3.1627

4900 *
4900
$ 39,790.00 =

$
$
$

39,150.00 \
7.99
7.99 *X

4900

$
$

4,980.10

7.99
50
7.98

-4819.7953964194
4819.7953964194 ABS

1.50 hour per unit

STANDARD HOURS

5.00

actual quantity per unit

TANDARD HOURS