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Becton Labs, Inc.. produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an
Saved Required: 1. For direct materials: a. Compute the price and quantity variances. b. The materials were purchased from a
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Answer #1
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
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