Gayangan, Jenny Ann C.

BSA 3
Cost Accounting

Number 1 answer: C

Standard Quantity Allowed 16,000 Actual price (18,000x3.6)

Actual Quantity Used 15,000 Unfavorable Variance
Difference 1,000 Standard price
Multiply by 3.40 Divided by units purchased
Favorable usage variance 3,400 Standard price per unit

Number 2 answer: A

Actual material cost (45,000x2.10) 94,500

Standard material cost (45,000x2) 90,000
Price Variance-Unfavorable 4,500

Standard Quantity 50,000

Actual Quantity used 45,000
Difference 5,000
Multiply by 2.00
Favorable usage variance 10,000

Number 3 answer: C

Standard material cost 5,760

Favorable Variance 240
Standard price 5,520
Divided by units purchased 1,600
Actual price per unit 3.45

Number 4 answer: C.

Actual material cost (1,400x1.10) 1,540

Standard material cost (1,400x1.00) 1,400
Price Variance-Unfavorable 140

Number 5 answer: C

Standard cost for labor (9,000x7.00) 63,000

Favorable efficiency variance 5,250
Actual cost for labor 57,750
Divided by standard rate 7
Actual labor hours 8,250
Number 6 answer: B

Standard hours 35,000

Actual hours 34,500
Difference 500
Divided by standard cost 6.40
Favorable efficiency variance 3,200

Actual cost 241,500

Standard cost (34,500x6.40) 220800
Unfavorable rate variance 20,700

Number 7 answer : B

Actual cost for labor 126,000 Standard hours 21000

Unfavorable variance 3,000 Actual hours 20000
Standard cost for labor 123,000 Difference 1000
Divided by actual hours 20,000 Divided by standard cost 6.15
Standard rate 6.15 Favorable efficiency variance 6,150
ce (18,000x3.6) 64,800
ble Variance 3,600
61,200
y units purchased 18,000
price per unit 3.4