Karlo Dave Paler BSA 3rd year

1. Actual quantity used 15,000 Actual price

less: Standard quantity 16,000 less:
Difference in quantity 1,000 Difference in price
Multiplied by: Standard price 3. 40 Multiplied by: ctual quantity purchased
Material quantity variance 3,400 C. Materials price variance- unfavorable

2. Actual quantity x Actual price 94,500

less: Actual quantity x Standard price 90,000
Material price variance 4,500 A

Actual quantity x standard price 90,000

Standard quantity x standard price 100,000
Materials price variance -10,000

3. Actual quantity 1,600

Multiplied by: standard price 3. 6
5,760
Less: Material purchased variance 240
5,520
Divided by: Actual quantity 1,600
Actual unit price 3. 45

4. Actual price 1.1

Less: Standard price 1
Difference in price 0. 10
Multiplied by: Actual quantity purchased 1,400
Material price variance 140 C.

5. Actual hours used 9,750 A.

less: standard hours allowed 9,000
Difference in hours 750
Multiplied by: Standard rate per hour 7
Labor efficiency variance 5,250

6. Actual rate per hour 7. 0 Actual hours 34,500

less: standard rate 6. 4 less: standard hrs 35,000
Difference in rate 0. 6 Difference -500
Multiplied by: Actual hours 34,500 Multiplied by: standard rate 6. 4
Direct labor variance 20,700 B. Labor efficiency variance 3,200
7. Actual hours used 20,000
less: standard hours allowed -21,000
Difference in hours -1,000
Multiplied by: standard rate per hour 6 Total payroll 126,000 / 21,000 standard hours
6,000 A.

8. Actual FO
Less: Budget allowed on standard hours 147,000
Fixed 108,000
Variance 48,000 150,000
-9,000 C.

9. Budgeted hrs 80,000

Divided by: direct labor hrs 10,000
8
equivalent units 9,500
Factory oerhead 76,000 A
 3. 60
3. 40
0. 20
18,000
3,600