correct answers only please... no work needed,
answers only please!Homework Answers
1)a.Given material quantity variance = ($ 1650) adverse
(SQ - AQ) × SP = - 1650
Standard quantity required to produce actual units of 2875
( SQ) = 3 × 2875 = 8625 units
(8625 - AQ)× 5 = - 1650
8625 - AQ = - 330
AQ = 8955
AP = 53730/8955 = $ 6
1)b . Material prices variance = (SP - AP) × AQ
( 5 - 6 ) × 8955
= ( 8955) adverse
Material spending variance = (SQ-AQ) × SP
= ( 8625-8955)×5
=( 1650 ) adverse
2a. Actual labour cost = $ 37,600
Actual labour hours (AH) = 4,700
Actual labour rate ( AR ) = 37600/4700 = $ 8
Labour spending variance = -$ 3100
(SR-AR)×AH = -3100
(SR-8)×4700= -3100
SR = 7.34042
SR =$ 7
2b. Labour efficiency variance (SH-AH)×SR = -750
(SH- 4700)× 7.34042 = -750
SH = 4597.826
2c. Standard hours allowed per unit = 4597.826/2875
= 1.599
= 1.6 hour
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correct answers only please... no work needed,
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