1) | for direct materials | |||||||||
a. | price and quantity variance | |||||||||
Standard | - | Actual | * | Actual | = | Variance | ||||
price | price | quantiy | ||||||||
materials price variance | 23 | 21.6 | 11,000 | = | 15400 | F | ||||
standard | - | Actual | * | Standard | = | Variance | ||||
qty | qty | price | ||||||||
materials quantity variance | 8250 | 8,350 | 23 | 2300 | U | |||||
b. | yes | |||||||||
2) | for direct labor | |||||||||
Standard | - | Actual | * | Actual | = | Variance | ||||
rate | rate | hours | ||||||||
labor price variance | 12 | 10.5 | 3420 | = | 5130 | F | ||||
standard | - | Actual | * | Standard | = | Variance | ||||
hours | hours | rate | ||||||||
labor efficiency variance | 2625 | 3,420 | 12 | 9540 | U | |||||
b. | no | |||||||||
3) | for variable overhead | |||||||||
Standard | - | Actual | * | Actual | = | Variance | ||||
rate | rate | hours | ||||||||
Variable overhead rate | 3 | 1.81 | 3,420 | = | 4060 | F | ||||
standard | - | Actual | * | Standard | = | Variance | ||||
hours | hours | rate | ||||||||
variable overhead efficiency | 2625 | 3,420 | 3 | 2385 | U | |||||
Problem 10-14 Basic Variance Analysis (LO10-1, LO10-2, LO10-3] Becton Labs, Inc., produces various chemical compounds for...
Problem 10-14 Basic Variance Analysis (LO10-1, LO10-2, LO10-3] Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.50 ounces 0.90 hours 0.90 hours Standard Price or Rate $ 22.00 per ounce $ 16.00 per hour $ 2.00 per hour...
Problem 10-14 Basic Variance Analysis [LO10-1, LO10-2, LO10-3] Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.30 ounces 0.60 hours 0.60 hours Standard Price or Rate $17.00 per ounce $13.00 per hour $ 2.50 per hour Standard Cost...
Problem 10-14 Basic Variance Analysis [LO10-1, LO10-2, LO10-3] Becton Labs, Inc., produces various chemical compounds for Industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity or Hours 2.5 ounces 1.4 hours 1.4 hours Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Price or Rate $20.00 per ounce $22.50 per hour $ 3.50 per hour Standard Cost...
please answer the questions! thank you Problem 10-14 Basic Variance Analysis (L010-1, LO10-2, LO10-31 Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.6 ounces 0.60 hours 0.60 hours Standard Price or Rate $20.00 per ounce $16.00 per hour...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.10 ounces 0.40 hours 0.40 hours Standard Price or Rate $24.00 per ounce $14.00 per hour $ 2.50 per hour Standard Cost $50.40 5.60 1.00 $57.00 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.30 ounces 0.80 hours 0.80 hours Standard Price or Rate $24.00 per ounce $15.00 per hour $ 3.50 per hour Standard Cost $55.20 12.00 2.80 $70.00 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.20 ounces 0.50 hours 0.50 hours Standard Price or Rate $25.00 per ounce $15.00 per hour $ 3.00 per hour Standard Cost $55.00 7.50 1.50 $64.00 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.50 ounces 0.70 hours 0.70 hours Standard Price or Rate $19.00 per ounce $15.00 per hour $ 4.00 per hour Standard Cost $47.50 10.50 2.80 $60.80 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.20 ounces 0.80 hours 0.80 hours Standard Price or Rate $16.00 per ounce $12.00 per hour $ 2.50 per hour Standard Cost $ 35.20 9.60 2.00 $ 46.80 During November,...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 2.00 ounces $30.00 per ounce $ 60.00 Direct labor 0.50 hours $14.00 per hour 7.00 Variable manufacturing overhead 0.50 hours $ 3.40 per hour 1.70 Total standard cost per unit $68.70 During November, the...