Homework Answers
| a. | Direct materials price variance | $ -22,180 | Favorable |
| AQ x (AR - SR) = 221800 x ($5.10 - $5.20) = $-22180 | |||
| Direct materials quantity variance | $ -11,440 | Favorable | |
| SR x (AQ - SQ) = $5.20 x (221800 - 224000) = $-11440 | |||
| Total direct materials cost variance | $ -33,620 | Favorable | |
| b. | Direct labor rate variance | $ 5,370 | Unfavorable |
| AH x (AR - SR) = 17900 x ($18.20 - $17.90) = $5370 | |||
| Direct labor time variance | $ 7,160 | Unfavorable | |
| SR x (AH - SH) = $17.90 x (17900 - 17500) = $7160 | |||
| Total direct labor cost variance | $ 12,530 | Unfavorable | |
| c. | Variable factory overhead controllable variance | $ -770 | Favorable |
| Actual variable overhead - (Budgeted hours x SR) | |||
| $76230 - (17500 x $4.40) = $76230 - $77000 = $-770 | |||
| Fixed factory overhead volume variance | $ 5,320 | Unfavorable | |
| Fixed overhead rate x (Normal hours - SH) | |||
| $7.00 x (18260 - 17500) = $5320 | |||
| Total factory overhead cost variance | $ 4,550 | Unfavorable |
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