(a). | ||||||||
Total Material Variance | =Actual Material Cost - Standard Material Cost | |||||||
= 35,478 - ( 8 X 4,200) | ||||||||
=1,878 | Adverse | |||||||
Material Price variance | = ( Actual Price - Standard Price ) X Actual Quantity | |||||||
=( 8.1 - 8) X 4,380 | ||||||||
=438 | Adverse | |||||||
Material Quantity Variance | = ( Actual Quantity - Standard Quantity ) X Standard Price | |||||||
= ( 4,380 - 4,200) X 8 | ||||||||
=1,440 | Adverse | |||||||
Total Labour Variance | = Actual Labour Cost - Standard Labour Cost | |||||||
= 75,518 - ( 4,200 X 1.5 X 11.90) | ||||||||
=75,518 - 74,970 | ||||||||
=548 | Adverse | |||||||
Labour Price variance | = ( Actual Price - Standard Price ) X Actual Hours | |||||||
= ( 12.20 - 11.90) X 6,190 | ||||||||
= 1,857 | Adverse | |||||||
Labour Quantity Variance | = ( Actual Quantity - Standard Quantity ) X Standard Price | |||||||
= (( 6,190 - (4,200 X 1.5)) X 11.90 | ||||||||
= - 1,309 | favorable | |||||||
(b). | Total Overhead Variance | = Actual Overhead - Standard Overhead | ||||||
= ( 67,030 + 23,170) - (( 4,200 X 9.75) + ( 4,200 X 1.5 X 7.5)) | ||||||||
= 90,200 - ( 40,950 + 47,250) | ||||||||
= 90,200 - 88,200 | ||||||||
=2,000 | Adverse | |||||||
--/1 Question 14 View Policies Current Attempt in Progress Rogen Corporation manufactures a single product. The...
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