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An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
1. a.
Direct Materials Variance Cocoa Sugar Total
Price variance:
Actual price
Standard price
Variance
Actual quantity (lbs.)
Direct materials price variance⎯(favorable) unfavorable
Quantity variance:
Actual quantity used (lbs.)
Standard quantity used (lbs.)
Variance (lbs.)
Standard price
Direct materials quantity variance⎯(favorable) unfavorable
Total direct materials cost variance⎯(favorable) unfavorable
Total direct materials cost variance:
Actual cost
Standard cost
Total direct materials cost variance⎯(favorable) unfavorable
Supporting calculations:
Standard quantity used of cocoa: Dark Chocolate Light Chocolate Total
Cases produced
Standard amount per case (lbs.)
Total
Standard quantity used of sugar:
Cases produced
Standard amount per case (lbs.)
Total
b.
Direct Labor Variance Dark Chocolate Light Chocolate Total
Rate variance:
Actual rate
Standard rate
Variance
Actual time
Direct labor rate variance⎯(favorable) unfavorable
Time variance
Actual tiime
Standard time
Variance
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Problem 22(7)-2A
[Key code here]
0%
Name:
Section:
Score:
Key Code:
Standard rate
Direct labor time variance⎯(favorable) unfavorable
Total direct labor cost variance⎯(favorable) unfavorable
Total direct labor cost variance:
Actual cost
Standard cost
Total direct labor cost variance⎯(favorable) unfavorable
2.
[Key essay answer here]
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
1. a.
Direct Materials Variance Cocoa Sugar Total
Price variance:
Actual price 7.33$ 1.35$
Standard price 7.25 1 2/5
b.
Direct Labor Variance Dark Chocolate Light Chocolate Total
Rate variance:
Actual rate 15.25$ 15.80$
Instructions
Answers are entered in the cells with gray backgrounds.
Problem 22(7)-2A
Solution
Score:
Cells with non-gray backgrounds are protected and cannot be edited.
ON
Name:
Section:
