Standard Costing Quiz Answers to Problems

Sep 29 2021

1) MUV = SP (AQ-SQ)

SQ= 9,000 x 3
27000

AQ=27,600

MUV= 5 (27,600-27,000)
MUV = 5 x 600
3000 U ANS D

2) Quantity Price Amount

in pounds per pound
Actual-purchased 30000 2.06666 - 61,999.80- ANS C
Actual - used
Standard 25000 2

MPV = AQp (AP-SP)

AP=?
AP = MPV/AQp + SP
AP= 2,000/30,000 + 2
2.066667

3) MUV = SP (AQu-SQ)
AQu=?
AQu = MUV/SP + SQ
AQu = 1,200/2 + 25,000
25600 ANS D

4) SH = 5 hours per frame x 680 frames

3400 ANS C

5)
AR= P71,300/3,100 DLHS
23

LRV= AH (AR-SR)
LRV = 3,100 (23-22)
3100 U ANS C