Homework Answers
| A&B | Cost | Standard cost per unit | |
| Direct material (1.5 x $0.5) | $ 0.75 | ||
| Direct labor (1.1 x $8.6) | $ 9.46 | ||
|
Overhead ($145700 / 31000) |
$ 4.70 | ||
| Total per candle | $ 14.91 | ||
| C&D | Cost | Actual cost per unit | |
|
Direct material (37200/24000 *$0.46) |
$ 0.71 | ||
| Direct labor | $ 7.48 | ||
| Overhead | $ 4.70 | ||
| Total per candle | $ 12.90 | ||
| E | Cost | Variance | |
| Direct materials: | |||
|
Price variance 37200 X (0.5-0.46) |
$ 1,488 | Favorable | |
|
Usage variance 0.5 X (36000-37200) |
$ (600) | Unfavorable | |
| Direct labor | |||
|
Price variance 29100 X (8.6 - 8.2) |
$ 11,640 | Favorable | |
|
Usage variance 8.6 X (26400-29100) |
$ (23,220) | Unfavorable | |
| F | Fixed MOH cost | Variance | |
|
Spending variance ((29100 X 4.7)-117600) |
$ 19,170 | Favorable | |
|
Volume variance ((24000 X 1.1 ) X 4.7) - 145700 |
$ (21,620) | Unfavorable |
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