1) | for direct materials | |||||||||
a. | price and quantity variance | |||||||||
Standard | - | Actual | * | Actual | = | Variance | ||||
price | price | quantiy | ||||||||
materials price variance | 20 | 18.8 | 13,000 | = | 15600 | F | ||||
standard | - | Actual | * | Standard | = | Variance | ||||
qty | qty | price | ||||||||
materials quantity variance | 9360 | 9,700 | 20 | 6800 | U | |||||
b. | yes | |||||||||
2) | for direct labor | |||||||||
Standard | - | Actual | * | Actual | = | Variance | ||||
rate | rate | hours | ||||||||
labor price variance | 16 | 14 | 3000 | = | 6000 | F | ||||
standard | - | Actual | * | Standard | = | Variance | ||||
hours | hours | rate | ||||||||
labor efficiency variance | 2160 | 3,000 | 16 | 13440 | U | |||||
b. | no | |||||||||
3) | for variable overhead | |||||||||
Standard | - | Actual | * | Actual | = | Variance | ||||
rate | rate | hours | ||||||||
Variable overhead rate | 4.5 | 2.17 | 3,000 | = | 7000 | F | ||||
standard | - | Actual | * | Standard | = | Variance | ||||
hours | hours | rate | ||||||||
variable overhead efficiency | 2160 | 3,000 | 4.5 | 3780 | U | |||||
Becton Labs, Inc.. produces various chemical compounds for industrial use. One compound, called Fludex, is prepared...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity or Hours 2.20 ounces 0.50 hours 0.50 hours Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Price or Rate $25.00 per ounce $15.00 per hour $ 3.00 per hour Standard Cout $55.00 7.50 1.50 $64.00 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.20 ounces 0.50 hours 0.50 hours Standard Price or Rate $25.00 per ounce $15.00 per hour $ 3.00 per hour Standard Cost $55.00 7.50 1.50 $64.00 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.30 ounces 0.50 hours 0.50 hours Standard Price or Rate $26.00 per ounce $14.00 per hour $ 3.40 per hour Standard Cost $59.80 7.00 1.70 $68.50 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.30 ounces 0.80 hours 0.80 hours Standard Price or Rate $24.00 per ounce $15.00 per hour $ 3.50 per hour Standard Cost $55.20 12.00 2.80 $70.00 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.68 ounces 0.60 hours 0.60 hours Standard Price or Rate $29.00 per ounce $12.00 per hour $ 3.50 per hour Standard Cost $75.40 7.29 2.10 $84.70 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or Hours 2.10 ounces 0.40 hours 0.40 hours Standard Price or Rate $24.00 per ounce $14.00 per hour $ 2.50 per hour Standard Cost $50.40 5.60 1.00 $57.00 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity or Hours 2.30 ounces 0.60 hours 0.60 hours Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Price Or Rate $17.00 per ounce $13.00 per hour $ 2.50 per hour Standard Cost $39.10 7.80 1.50 $48.40 During November, the following...
Becton Labs, Inc. produces various chemical compounds for Industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 2.00 ounces $21.00 per ounce $42.00 Direct labor 0.90 hours $12.00 per hour 10.80 Variable manufacturing overhead 0.90 hours $ 2.00 per hour 1.80 Totat standard cost per unit $54.60 During November, the following...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 2.00 ounces $30.00 per ounce $ 60.00 Direct labor 0.50 hours $14.00 per hour 7.00 Variable manufacturing overhead 0.50 hours $ 3.40 per hour 1.70 Total standard cost per unit $68.70 During November, the...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit 2.40 ounces 0.70 hours 0.70 hours 18.00 per ounce $43.20 9.80 s 3.00 per hour 0 14.00 per hour 2.10 $55.10 During November, the...