Homework Answers
answer 1
total standard direct material
budgeted pounds per unit = 5
production = 50000
so
5 * 5000 = 25000 pound direct material needed
total standard direct material = 25000 pounds
answer 2
direct labor cost variance
(standard rate - actual rate ) actual hour
standard rate = 15
actual rate = 12.6 (378000 / 30000 )
actual hour = 30000
(15 - 12.6 ) 30000
2.4 * 30000=72000
labor cost variance =72000 it is favorable ( actual rate < standard rate)
answer
| actual sales | static sales | sales volume variance | |
| sales revenue | 556500 | 526000 | 30500 |
actual sales - static sales = sales volume variance
556500 - 526000 = 30500
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