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Class:
Problem 10-10
1.
COTTONWOOD HOSPITAL
Materials Price and Quantity Variance
Standard quantity of plates allowed:
Blood tests
Smears
Total
Plates per test
Standard quantity allowed
Actual
quantity
Actual
price
Standard
quantity
Standard
price
Actual qty.
@ actual price
Actual qty.
@ std. price
Standard
qty.
@ std. price
Actual hours
@ std. rate
Standard
hours
@ std. rate
Actual hours
@ std. rate
Standard
hours
@ std. rate
Price Variance
Quantity Variance
2a.
COTTONWOOD HOSPITAL
Labor Rate and Efficiency Variances
Standard hours allowed:
Smears
Blood tests
Total standard hours allowed
Actual
hours
Actual
rate
Standard
hours
Standard
rate
Actual hours
@ actual rate
Rate Variance
Efficiency Variance
Spending Variance
3.
COTTONWOOD HOSPITAL
Variable Overhead Rate and Efficiency Variances
Actual
hours
Actual
rate
Standard
hours
Rate Variance
Efficiency Variance
Standard
rate
Actual hours
@ actual rate
Spending Variance
$
$
$
$
900
2,700
16,000
38,400
4%
2,000
1,800
18,450
11,700
3
2.50
0.30
0.60
12.00
6.00
Student Name:
Class:
Problem 10-14
VITALITE, INC.
Computations
1. Standard cost for August production:
Total standard cost
Direct labor
Variable manufacturing overhead
Total standard cost of materials used
2. Standard cost of a single kit
Number of kits produced
Standard materials cost of a single kit
Actual
hours
Actual
rate
Standard
rate
Actual hours
@ actual rate
Actual hours
@ std. rate
Standard
hours
@ std. rate
Actual hours
@ std. rate
Standard
hours
@ std. rate
Standard
Price or Rate
Standard
Cost
Rate Variance
Efficiency Variance
Spending Variance
Actual
hours
Actual
rate
Standard
rate
Actual hours
@ actual rate
Rate Variance
Efficiency Variance
Spending Variance
Direct materials
Direct labor
Variable manufacturing overhead
Total standard cost per kit
Kits manufactured and sold
Standard Qty
or hours
?
?
?
$
$
Standard Price
or Rate
6 /yard
?
2 /hour
500
Materials
Used
?
$
10,000
?
$
600
Direct
Labor
8,000
?
U
?
?
900
$
0.14 U
VITALITE, INC.
Standard
Cost
$?
?
?
$
42
Variable Mfg.
Overhead
$
1,600
$
1,620
?
?
Student Name:
Class:
Problem 10-15
1.
HELIX COMPANY
Materials Price and Quantity Variance
Actual
quantity
Actual
price
Standard
quantity
Standard
price
Actual quantity
@ actual price
Actual quantity
@ std. price
Standard
quantity
@ std. price
Actual hours
@ std. rate
Standard
hours
@ std. rate
Price Variance
Quantity Variance
Spending Variance
2.
HELIX COMPANY
Labor Rate and Efficiency Variances
Actual
hours
Actual
rate
Standard
hours
Standard
rate
Actual hours
@ actual rate
Rate Variance
Efficiency Variance
Spending Variance
3.
HELIX COMPANY
Variable Manufacturing Overhead Rate and Efficiency Variances
Actual
hours
Actual
rate
Standard
hours
Rate Variance
Efficiency Variance
Spending Variance
Standard
rate
Actual hours
@ actual rate
Actual hours
@ std. rate
Standard
hours
@ std. rate
780
1,950
Standard costs:
Direct materials
Direct labor
Variable manufacturing overhead
$
$
$
April production:
Direct labor-hours worked
Robes produced
Total
35,490
7,020
2,340
760
2,000
Per Unit
of Product
$
18.20
3.60
1.20
$
23.00
$
$
$
Total
36,000
7,600
3,800
Per Unit
of Product
$
18.00
3.80
1.90
$
23.70
6,000
2.8 yards
Student Name:
Class:
Problem 10A-12
1.
DRESSER COMPANY
Standard Cost Card
Standard
Quantity
or Hours
Direct material (pounds)
Direct labor (hours)
Variable manufacturing overhead (hours)
Fixed manufacturing overhead (hours)
Standard cost per unit
2.
DRESSER COMPANY
Materials and Labor Variances
Materials variances
Materials quantity variance:
Standard price
Actual quantity
Standard quantity
Materials quantity variance
Materials price variance:
Actual quantity
Actual price
Standard price
Materials price variance
Labor variances
Labor efficiency variance:
Standard rate
Actual hours
Standard hours
Labor rate variance
Labor rate variance:
Actual hours
Actual rate
Standard rate
Labor rate variance
Standard
Price
or Rate
Standard
Cost
3.
DRESSER COMPANY
Variable Manufacturing Overhead Variances
Actual
hours
Actual
rate
Standard
hours
Rate Variance
Efficiency Variance
Spending Variance
Standard
rate
Actual hours
@ actual rate
Actual hours
@ std. rate
Standard
hours
@ std. rate
$
$
9,000
34,200
63,000
Standard
Quantity
or Hours
4.0
2.0
120%
Standard
Price
or Rate
$
2.60
$
9.00
4,800
Quantity
or Hours
30,000
20,000
10,000
Price
or Rate
2.50
8.60
Standard
Cost
$
10.40 per pound
18.00 per DLH
21.60
$
50.00
Cost
75,000
$
$
$
86,000
35,900
64,800
Student Name:
Class:
Problem 10B-3
1a.
TOPLINE SURF BOARDS
Materials Price and Quantity Variances for October
Actual
quantity
Actual
price
Standard
price
Actual quantity
@ actual price
Standard
quantity
@ std. price
Actual quantity
@ std. price
2a.
Actual direct labor hours worked during the period:
Standard rate
Standard hours
Actual direct labor hours worked
per hour
hours
Actual
hours
Actual
rate
Standard
hours
Standard
rate
Actual hours
@ actual rate
Actual hours
@ std. rate
Rate Variance
Efficiency Variance
Total Variance
3a.
TOPLINE SURF BOARDS
Variable Overhead Rate and Efficiency Variances
Actual
hours
Actual
rate
Standard
hours
Rate Variance
Efficiency Variance
Total Variance
Standard
rate
Actual hours
@ actual rate
Actual hours
@ std. rate
Standard
hours
@ std. rate
Standard
hours
@ std. rate
Standard Quantity
or Hours
Standard cost of one unit:
Direct materials
Direct labor
Variable manufacturing overhead
Total standard variable cost per unit
Units produced last year
Selected production data:
Material purchased
Materials used in production
Direct labor
Variable manufacturing overhead cost
Variable manufacturing overhead efficiency variance
6 ft @
1 hr @
1 hr @
Standard Price
or Rate
$
$
$
1.00
4.50
3.00
0.95
6,000
60,000 ft @
38,000 ft
?
hr @
Standard Price
or Rate
per ft.
per hour
per hour
per ft.
Standard
Cost
$
6.00
4.50
3.00
13.50
57,000
$
$
$
27,950
20,475
1,500 U