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Student Name: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
StandardActual Actual Standard Standard Actual qty. Actual qty. qty.
quantity price quantity price @ actual price @ std. price @ std. price
Price VarianceQuantity Variance
2a.COTTONWOOD HOSPITAL
Labor Rate and Efficiency Variances
Standard hours allowed:
Smears Blood tests Total standard hours allowed
StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate
Rate VarianceEfficiency VarianceSpending Variance
3.COTTONWOOD HOSPITAL
Variable Overhead Rate and Efficiency Variances
StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate
Rate VarianceEfficiency Variance
Spending Variance
Given Data P10-10:
COTTONWOOD HOSPITAL
Number of blood tests 900 Number of smears 2,700 Number of plates purchased 16,000 Cost of plates $ 38,400 Quantity discount allowed 4%Unused plates at month end 2,000 Labor hours 1,800 Cost of labor hours $ 18,450 Variable overhead costs $ 11,700
Nationwide averages: Number of plates per test 3 Cost per plate $ 2.50 Time for smear (hours) 0.30 Time for blood test (hours) 0.60 Average cost of lab time per hour $ 12.00 Variable overhead rate per hour $ 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
Standard materials cost per yard Yards of material required per kit
3. Materials price variance for August: Actual cost of materials used Standard cost of materials used Spending variance
Materials price variance Materials quantity variance Spending variance
4. Standard direct labor rate per hour: Standard variable manufacturing overhead cost for August Standard variable manufacturing overhead rate per direct labor-hour Standard direct labor-hours for August
Total standard labor cost for August Total standard direct labor-hours for August Standard direct labor rate per hour
5. Direct labor rate and efficiency variance for August:
Actual cost per kit produced Number of kits produced Total actual cost of production Less: Actual cost of materials Actual cost of manufacturing variable overhead Actual cost of direct labor
StandardActual Actual Standard Actual hours Actual hours hourshours rate rate @ actual rate @ std. rate @ std. rate
Rate VarianceEfficiency VarianceSpending Variance
6. Variable overhead rate and efficiency variance for August:
StandardActual Actual Standard Actual hours Actual hours hourshours rate rate @ actual rate @ std. rate @ std. rate
Spending VarianceEfficiency VarianceTotal Variance
7. Standard cost card for one kit:
Standard Standard StandardQty. or hours Price or Rate Cost
Direct material (yards)Direct labor (hours)Variable manufacturing overhead (hours)Total standard cost
Given Data P10-14:
VITALITE, INC.
Standard Variable Costs:Standard Qty Standard Price
or hours or RateDirect materials ? $ 6 /yardDirect labor ? ?Variable manufacturing overhead ? $ 2 /hourTotal standard cost per kit
Kits manufactured and sold 500
Materials DirectUsed Labor
Total standard cost ? $ 8,000 Actual costs incurred $ 10,000 ?Materials price variance ?Materials quantity variance $ 600 U Labor rate variance ?Labor efficiency variance ?Variable overhead rate varianceVariable overhead efficiency variance
Additional information for August:Actual direct labor-hours 900 Difference between standard and actual cost per kit produced in August $ 0.14 U
VITALITE, INC.
StandardCost$???
$ 42
Variable Mfg.Overhead
$ 1,600 $ 1,620
??
Student Name:Class:
Problem 10-15
1.HELIX COMPANY
Materials Price and Quantity Variance
StandardActual Actual Standard Standard Actual quantity Actual quantity quantity
quantity price quantity price @ actual price @ std. price @ std. price
Price VarianceQuantity VarianceSpending Variance
2.HELIX COMPANY
Labor Rate and Efficiency Variances
StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate
Rate VarianceEfficiency VarianceSpending Variance
3.HELIX COMPANY
Variable Manufacturing Overhead Rate and Efficiency Variances
StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate
Rate VarianceEfficiency VarianceSpending Variance
Given Data P10-15:
HELIX COMPANY
Direct labor-hours per month 780 Robes produced 1,950
Standard costs: Per UnitTotal of Product
Direct materials $ 35,490 $ 18.20 Direct labor $ 7,020 3.60 Variable manufacturing overhead $ 2,340 1.20
$ 23.00
April production:Direct labor-hours worked 760 Robes produced 2,000
Actual costs during April: Per UnitTotal of Product
Direct materials $ 36,000 $ 18.00 Direct labor $ 7,600 3.80 Variable manufacturing overhead $ 3,800 1.90
$ 23.70
Yards of material used in April 6,000 Standard material requirement per Robe 2.8 yards
Student Name:Class:
Problem 10A-12
1.DRESSER COMPANYStandard Cost Card
Standard StandardQuantity Price Standardor Hours or Rate Cost
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 variancesMaterials quantity variance: Standard price Actual quantity Standard quantity Materials quantity variance
Materials price variance: Actual quantity Actual price Standard price Materials price variance
Labor variancesLabor efficiency variance: Standard rate Actual hours Standard hours Labor rate variance
Labor rate variance: Actual hours Actual rate Standard rate Labor rate variance
3.DRESSER COMPANY
Variable Manufacturing Overhead Variances
Actual Actual Standard Standard Actual hours Actual hourshours rate hours rate @ actual rate @ std. rate
Rate VarianceEfficiency VarianceSpending Variance
DRESSER COMPANYVariable Manufacturing Overhead Variances
Standardhours
@ std. rate
Given Data P10A-12:
DRESSER COMPANY
Budget for current year: Denominator activity (direct labor-hours) 9,000 Variable manufacturing overhead cost $ 34,200 Fixed manufacturing overhead cost $ 63,000
Standard cost card: Standard StandardQuantity Priceor Hours or Rate
Direct material (pounds) 4.0 $ 2.60 Direct labor (hours) 2.0 $ 9.00 Mfg. overhead, percentage of direct labor cost 120%Standard cost per unit
Units produced during year 4,800
Incurred costs: Quantity Priceor Hours or Rate
Materials purchased (pounds) 30,000 $ 2.50 Materials used in production (pounds) 20,000 Direct labor cost incurred (hours) 10,000 $ 8.60 Variable manufacturing overhead cost incurredFixed manufacturing overhead cost incurred
DRESSER COMPANY
StandardCost
$ 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 Actual Standard Actual quantity Actual quantityquantity price price @ actual price @ std. price
Materials price varianceMaterials quantity variance
2a.
Actual direct labor hours worked during the period: Standard rate Standard hours Actual direct labor hours worked
TOPLINE SURF BOARDSDirect Labor Rate and Efficiency Variances for October
Actual Actual Standard Standard Actual hourshours rate hours rate @ actual rate
Rate VarianceEfficiency VarianceTotal Variance
3a.TOPLINE SURF BOARDS
Variable Overhead Rate and Efficiency Variances
Actual Actual Standard Standard Actual hourshours rate hours rate @ actual rate
Rate VarianceEfficiency VarianceTotal Variance
TOPLINE SURF BOARDSMaterials Price and Quantity Variances for October
Standardquantity
@ std. price
per hour
hours
TOPLINE SURF BOARDSDirect Labor Rate and Efficiency Variances for October
StandardActual hours hours@ std. rate @ std. rate
TOPLINE SURF BOARDSVariable Overhead Rate and Efficiency Variances
StandardActual hours hours@ std. rate @ std. rate
Given Data P10B-3:
TOPLINE SURF BOARDS
Standard Quantity Standard Priceor Hours or Rate
Standard cost of one unit: Direct materials 6 ft @ $ 1.00 Direct labor 1 hr @ $ 4.50 Variable manufacturing overhead 1 hr @ $ 3.00 Total standard variable cost per unit
Units produced last year 6,000
Selected production data:Material purchased 60,000 ft @ $ 0.95 Materials used in production 38,000 ft Direct labor ? hr @ ? Variable manufacturing overhead costVariable manufacturing overhead efficiency variance
TOPLINE SURF BOARDS
Standard Price Standardor Rate Cost
per ft. $ 6.00 per hour 4.50 per hour 3.00
$ 13.50
per ft. $ 57,000
$ 27,950 $ 20,475 $ 1,500 U