1)Direct Material Price Variance = (Standard Price- Actual Price)x Actual Quantity
=(0.60- 0.62) x 210000
=4,200 (Unfavorable)
Direct Material Quantity Variance = (Standard Quantity- Actual Quantity) x Standard Price
=(50,000x 4 - 210000)0.60
=6,000 (Unfavorable)
Direct Labor Rate Variance = (Standard Rate- Actual rate)x Actual Hours
=(20 -21) x 13000
13,000 (Unfavorable)
Direct Labor Quantity Variance = (Standard Hours - Actual Hours ) x Standard Rate
= (50,000 x 0.25 -13,000)x 20
=10,000 (Unfavorable)
2)
Direct Material Price Variance = (Standard Price- Actual Price)x Actual Quantity
=(0.59- 0.62) x 210000
=6,300 (Unfavorable)
Direct Material Quantity Variance = (Standard Quantity- Actual Quantity) x Standard Price
=(50,000x 4 - 210000)0.59
=5,900 (Unfavorable)
Direct Labor Rate Variance = (Standard Rate- Actual rate)x Actual Hours
=(22 -21) x 13000
13,000 (favorable)
Direct Labor Quantity Variance = (Standard Hours - Actual Hours ) x Standard Rate
= (50,000 x 0.25 -13,000)x 22
=11,000 (Unfavorable)
in Exhibits t0s E10.24 Straightforward calculation of variances; variance diagrams: manufacturer o(12 ca Apollo Can Ltd...
uyur Styles E10.24: Straightforward calculation of variances; variance diagrams: manufacturer Can the Can Ltd manufactures recyclable soft drink cans. A unit of production is a box of 12 cans. The following standards have been set by the production engineering staff and the factory accountant: Direct material Direct labour Quantity: 4 kilograms Quantity: 0.25 hour Price: $0.90 per kilogram Rate: $33 per hour Actual material purchases amounted to 240 000 kilograms at $0.93 per kilogram. Actual costs incurred in the production...
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.25 hour Rate, $16 per hour Direct Material: Quantity, 4 kilograms Price, $0.80 per kilogram Actual material purchases amounted to 240,000 kilograms at $0.81 per kilogram. Actual costs incurred in the production of 50,000 units were as...
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 8.16 hour Rate, $8.00 per hour Direct Material: Quantity, 9 kilograms Price, $0.42 per kilogram Actual material purchases amounted to 233,200 kilograms at $0.47 per kilogram. Actual costs...
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.25 hour Rate, $16 per hour Direct Material: Quantity, 4 kilograms Price, $0.80 per kilogram Actual material purchases amounted to 240,000 kilograms at $0.81 per kilogram. Actual costs incurred in the production of 50,000 units were as...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 0.25 hour Quantity, 4 kilograms Rate, $12.50 per hour Price, $0.60 per kilogram Actual material purchases amounted to 200,000 kilograms at $0.64 per kilogram. Actual costs incurred in the production of 40,000 units were as follows: Direct labor: $137,700 for 10,800 hours...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.20 hour Rate, $10.00 per hour Direct Material: Quantity, 5 kilograms Price, $0.50 per kilogram Actual material purchases amounted to 210,000 kilograms at $0.57 per kilogram. Actual costs incurred in the production of 30,000 units were as follows: Direct labor: Direct material: $ 72,450 for 6,900...
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller Direct Labort Quantity: 0.10 hour Rate, $5.00 per hour Direct Materiali Quantity3 kilogram Price, 0.30 per kilogram Actual material purchases amounted to 34,000 kilograms at $0.32 per kilogram. Actual costs incurred in the production of 10,000 units were as follows:...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 0.24 hour Quantity, 3 kilograms Rate, $12.00 per hour Price, $0.58 per kilogram Actual material purchases amounted to 159,600 kilograms at $0.630 per kilogram. Actual costs incurred in the production of 38,000 units were as follows: Direct labor: $116,850 for 9,500 hours...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.27 hour Rate, $13.50 per hour Direct Material: Quantity, 6 kilograms Price, $0.64 per kilogram Actual material purchases amounted to 290,400 kilograms at $0.660 per kilogram. Actual costs incurred in the production of 44,000 units were as follows: Direct labor: Direct material: $169,400 for 12,320 hours...
Saskatawan Can Company manufactures recyclable soft drink cans. A unit of production is a case of 12 dozen Can The following standaris hanchen set by the paduction-engineering Maff and the controller. Exercise 10-22 Straightforward Computation of Variances (LO 10-1, 103) Direct laber Quantity. 25 hour Rale, Slo per hour Direct material: Quantity, 4 kilogrunts Price, S.80 per kilogram Actual material purchases amounted to 240.000 kilograms at 5.81 per kilogram. Actual costs incurred in the production of 50,000 units were as...