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  • Standard Costing - Sir's Way of Solving

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    Ruther G. Sumili
    7 views1 page
    The document shows actual, budgeted, and standard figures for materials, labor, fixed costs, and variable costs. For materials, the actual was lower than standard, resulting in an unfavorable variance. For labor, the actual was higher than standard, resulting in a favorable variance. For fixed costs, the actual was equal to the standard, resulting in no variance. For variable costs, the actual was higher than standard, resulting in a favorable variance.

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    standard costing - Sir's way of solving

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    The document shows actual, budgeted, and standard figures for materials, labor, fixed costs, and variable costs. For materials, the actual was lower than standard, resulting in an unfavorable variance. For labor, the actual was higher than standard, resulting in a favorable variance. For fixed costs, the actual was equal to the standard, resulting in no variance. For variable costs, the actual was higher than standard, resulting in a favorable variance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Standard Costing - Sir's Way of Solving

    Uploaded by

    Ruther G. Sumili
    The document shows actual, budgeted, and standard figures for materials, labor, fixed costs, and variable costs. For materials, the actual was lower than standard, resulting in an unfavorable variance. For labor, the actual was higher than standard, resulting in a favorable variance. For fixed costs, the actual was equal to the standard, resulting in no variance. For variable costs, the actual was higher than standard, resulting in a favorable variance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Actual (AP x AQ) (1.

    50 x 744,000) 1,116,000 -74,400 F MPV


    Materials Budgeted (SP x AQ) (1.60 x 744,000) 1,190,400
    Applied/Standard (SP x SQ) (1.6 x 70,000 x 10) 1,120,000 70,400 U MQV
    actual - standard -4,000 -4,000 F

    Actual
    Materials Budgeted (SP x AQ) (1.60 x 736,000) 1,177,600
    Applied/Standard (SP x SQ) (1.6 x 70,000 x 10) 1,120,000 57,600 U MUV

    Actual (AR x AH) (17.90 x 56,000) 1,002,400 -5,600 F LRV


    Labor Budgeted (SR x AH) (18 x 56,000) 1,008,400
    Applied/Standard (SR x SH) (18 x 70,000 x 0.75) 945,000 63,000 U LEV
    actual - standard 57,400 57,400 U

    4 WAY 3 WAY 2 WAY


    Actual 214,000 -2,000 F SV 5,400 15,900
    Fixed Budgeted (SR x BH) (4 x 72,000 x 0.75) 216,000
    Applied/Standard (SR x SH) (4 x 70,000 x 0.75) 210,000 6,000 U VV 6,000 6,000
    actual - standard 4,000 4,000 U

    Actual 175,400 7,400 U SV


    Variable Budgeted (SR x AH) (3 x 56,000) 168,00
    Applied/Standard (SR x SH) (3 x 70,000 x 0.75) 157,500 10,500 U EV 10,500
    actual - standard 17,900 17,900 U 21,900 21,900

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