Homework Answers
Solution a & b:
| Direct Labor Cost Variance | ||||||||||||
| Actual Cost | Standard cost for actual quantity | Standard Cost | ||||||||||
| AH * | AR = | AH * | SR = | SH * | SR = | |||||||
| 5250 | $42.00 | $220,500.00 | 5250 | $45.00 | $236,250.00 | 5760 | $45.00 | $259,200.00 | ||||
| $15,750.00 | Favorable | $22,950.00 | Favorable | |||||||||
| Direct Labor rate Variance | Direct Labor Efficiency Variance | |||||||||||
Solution c & d:
| Variable Overhead Cost Variance | ||||||||||||
| Actual Cost | Standard cost for actual quantity | Standard Cost | ||||||||||
| AH * | AR = | AH * | SR = | SH * | SR = | |||||||
| 5250 | $11.00 | $57,750.00 | 5250 | $14.50 | $76,125.00 | 5760 | $14.50 | $83,520.00 | ||||
| $18,375.00 | Favorable | $7,395.00 | Favorable | |||||||||
| Variable overhead rate variance | Variable overhead efficiency variance | |||||||||||
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