E10-7 1 a. Formulas Actual Quantity of input, at Actual Price (AQ x AP) 20000*.

48= Actual Quantity of input, at Standard Price (AQ x SP) 20000*.50= Direct Materials Price Variance Actual Quantity of input, at Standard Price (AQ x SP) Standard Quantity allowed for Actual Output at Standard Price (SQ x SP) Direct Material Quan.Variance b. Actual Hours of Input, at the Actual Rate (AH x AR) Actual Hours of Input, at the Standard Rate (AH x SR) Direct Labor Rate Variance Actual Hours of Input, at the Standard Rate (AH x SR) Standard Hours allowed for Actual Output at the Standard (SH x SR) Direct Efficiency Variance 2 4000*9= 4000*8=

9600 10000 -400

20000*.50=

10000

18000*.48=

8640 1360

36000 32000 4000

4000*8=

32000

3900*8=

31200 800

E10-11 1