Direct Labour | ||
Quantity | 0.25 Hr | |
Rate | $16 / Hr | |
Direct Material | ||
Quantity | 4 Kilogram | |
Price | $0.80 per Kg | |
Actual material purchased 240,000 Kg @ $0.81 per Kg | ||
Actual cost incurred=50,000 units | ||
Direct Labour $ 211900 for 13000 Hrs | ||
Direct Material $ 170100 for 210000 Kg | ||
Direct Material Price variance | ||
Direct Material $ 170100 for 210000 Kg | ||
Rate | ||
Standard Quantity allowed | ||
Actual cost incurred=50,000 units-a | 50,000 | |
Quantity- b | 4 Kilogram | |
Standard Quantity allowed (a*b) | 2,00,000 | Kg |
Standard price | ||
Price $ / Kg | 0.8 | |
Actual used | 2,10,000 | Kg |
Actual Quantity purchased | 2,40,000 | Kg |
Actual Price per Kg $/ Kg | 0.81 | |
Direct Material Price variance | ||
Actual used - A | 2,10,000 | Kg |
Standard Price $ / Kg | 0.8 | |
Actual Price per Kg $/ Kg | 0.81 | |
Direct Material Price variance | 210000*(0.8-0.81) | |
Direct Material Price variance $ | -2,100 | Unfavorable |
Direct Material Quantity variance $ | ||
Standard Price $ / Kg | 0.8 | |
Standard Quantity allowed | 2,00,000 | KG |
Actual used | 2,10,000 | KG |
Direct Material Quantity variance $ | 0.8*(200000-210000) | |
Direct Material Quantity variance $ | -8,000 | Unfavorable |
Direct Material Purchase price variance $ | ||
Actual Quantity purchased | 2,40,000 | KG |
Standard Price $ / Kg | 0.800 | |
Actual Price per Kg $/ Kg | 0.810 | |
Direct Material Purchase price variance $ | 240000*(0.8-0.81) | |
Direct Material Purchase price variance $ | -2,400 | Unfavorable |
Actual cost incurred=50,000 units-a | 50,000 | |
Quantity- b Hr | 0.25 | |
Standard Labour Hrs allowed (a*b) | 12,500 | Hrs |
Standard price per Hr $/ hr | 16.00 | |
Actual Labour Hrs | 13,000 | Hrs |
Actual rate per Hr $/ hr (211900/13000) | 16.30 | |
Labour rate Variance | ||
Actual Hrs - | 13,000 | Hrs |
Standard rate $ / hr | 16.0 | |
Actual rate $ / hr | 16.30 | |
Labour rate Variance | 13000*(16-16.3) | |
Labour rate Variance $ | -3,900 | Unfavorable |
Labour Efficiency Variance | ||
Standard rate $ / hr | 16.0 | |
Standard Hrs | 12,500 | |
Actual Hrs - | 13,000 | |
Labour Efficiency Variance $ | 16*(12500-13000) | |
Labour Efficiency Variance $ | -8,000 | Unfavorable |
Saskatawan Can Company manufactures recyclable soft drink cans. A unit of production is a case of...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 0.24 hour Quantity, 3 kilograms Rate, $12.00 per hour Price, $0.58 per kilogram Actual material purchases amounted to 159,600 kilograms at $0.630 per kilogram. Actual costs incurred in the production of 38,000 units were as follows: Direct labor: $116,850 for 9,500 hours...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.27 hour Rate, $13.50 per hour Direct Material: Quantity, 6 kilograms Price, $0.64 per kilogram Actual material purchases amounted to 290,400 kilograms at $0.660 per kilogram. Actual costs incurred in the production of 44,000 units were as follows: Direct labor: Direct material: $169,400 for 12,320 hours...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.20 hour Rate, $10.00 per hour Direct Material: Quantity, 5 kilograms Price, $0.50 per kilogram Actual material purchases amounted to 210,000 kilograms at $0.57 per kilogram. Actual costs incurred in the production of 30,000 units were as follows: Direct labor: Direct material: $ 72,450 for 6,900...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 0.25 hour Quantity, 4 kilograms Rate, $12.50 per hour Price, $0.60 per kilogram Actual material purchases amounted to 200,000 kilograms at $0.64 per kilogram. Actual costs incurred in the production of 40,000 units were as follows: Direct labor: $137,700 for 10,800 hours...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 0.25 hour Quantity, 4 kilograms Rate, $12.50 per hour Price, $0.60 per kilogram Actual material purchases amounted to 200,000 kilograms at $0.64 per kilogram. Actual costs incurred in the production of 40,000 units were as follows: Direct labor: $137,700 for 10,800 hours...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 0.25 hour Quantity, 4 kilograms Rate, $12.50 per hour Price, $0.60 per kilogram Actual material purchases amounted to 200,000 kilograms at $0.64 per kilogram. Actual costs incurred in the production of 40,000 units were as follows: Direct labor: $137,700 for 10,800 hours...
Canandaigua Container Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 4 kilograms Quantity, 0.11 hour Price, $0.32 per Rate, $5.50 per hour vile kilogram Actual material purchases amounted to 55,200 kilograms at $0.350 per kilogram. Actual costs incurred in the production of 12,000 units were as follows: Direct labor: $9,492 for 1,680 hours $17,430...
Canandaigua Container Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, 4 kilograms Quantity, 0.11 hour Price, $0.32 per Rate, $5.50 per hour vile kilogram Actual material purchases amounted to 55,200 kilograms at $0.350 per kilogram. Actual costs incurred in the production of 12,000 units were as follows: Direct labor: $9,492 for 1,680 hours $17,430...
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.25 hour Rate, $16 per hour Direct Material: Quantity, 4 kilograms Price, $0.80 per kilogram Actual material purchases amounted to 240,000 kilograms at $0.81 per kilogram. Actual costs incurred in the production of 50,000 units were as...
TIhe following information applies to the questions displayed below.j Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor Quantity, 0.25 hour Rate, $16 per hour Direct Material: Quantity, 4 kilograms Price, $0.80 per kilogram Actual material purchases amounted to 240,000 kilograms at $.81 per kilogram. Actual costs incurred in the production of 50,000 units were as...