Homework Answers
| 6) The direct labor yield variance for both types of labor together is | |||
| Actual Total Quantity of All Inputs Used × Budgeted Input Mix × Budgeted Price | - | Flexible Budget:Budgeted Total Quantity of All Inputs Allowed For Actual Output × Budgeted Input Mi× x Budgeted Price | |
| Skilled = 5,000 × 3875/5100 × $16 = | 60000 | Skilled = 5,100 × 3875/5100 × $16 = | 61200 |
| Unskilled = 5,000 x 1275/5100 x $12 | 15000 | Unskilled = 5,100 x 1275/5100 x $12 | 15300 |
| Total | 75000 | Total | 76500 |
| Direct labour Yield Variance = 75000 - 76500 | 1500 | Favourable | |
| 7) | |||
| Using the information in question 6, the mix variance for skilled labor is | |||
| Mix Variance | |||
| Actual Total Quantityof All Inputs Used× Actual Input Mix× Budgeted Price | Actual Total Quantity of All Inputs Used × Budgeted Input Mix × Budgeted Price | ||
| Skilled = 5,000 × 4000/5000 × $16 = | 64000 | Skilled = 5,000 × 3875/5100 × $16 = | 60000 |
| Mix Variance for Skilled Labor = 64000 - 60000 | 4000 | Unfavourable | |
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