Ans-(a) (1)-
Actual Production | 10,100 |
Standard Quantity of Direct Material Required per unit | 9 |
Standard Quantity of Direct Material Required (SQ) (10,100*9) | 90,900 |
Standard Price per Yard (SP) | 4 |
Actual Direct Material (AQ) | 91,500 |
Actual Price per Pound (AP) | 3.85 |
Total Material Variance = (SP*SQ)-(AP *AQ)
=(4*90,900)- (3.85*91,500)
=$363,600-$352,275
=$11,325 Favorable
Direct Material Price Variance = AQ* (SP-AP)
=91,500* (4-3.85)
=91,500*0.15
=$13,725 Favorable
Direct Material Quantity Variance= SP * (SQ-AQ)
=4* (90,900-91,500)
=4*-600
=-2,400 Unfavorable
(a) (2)-
Actual Production | 10,100 |
Standard Hours Required per Unit | 1.10 |
Standard Hours Requires (SH) (10,100*1.10) | 11,110 |
Standard Rate per Hour (SR) | 14 |
Actual Hours Required (AH) | 11,810 |
Actual Rate per Hour (AR) | 14.50 |
Total Labor Variance= (SR*SH)- (AR*AH)
=(14*11,110)- (14.50*11,810)
=$155,540- $171,245
=-15,705 Unfavorable
Direct Labor Rate Variance =AH * (SR-AR)
=11,810* (14-14.50)
=11,810*-0.50
=-$5,905 Unfavorable
Direct Labor Efficiency Variance= SR* (SH-AH)
=14*( 11,110-11,810)
=14*-700
=-9,800 Unfavorable
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