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1. a.
Direct Materials Variance Filler Liner Total
Price variance:
Actual price
Standard price
Variance
Actual quantity
Direct materials price variance⎯(favorable) unfavorable
Quantity variance:
Actual quantity used
Standard quantity used
Variance
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: Women’s Men’s Total
Standard quantity used of filler:
Coats produced
Standard amount per coat (lbs.)
Total
Standard quantity used of liner:
Coats produced
Standard amount per coat (yds.)
Total
b. Women’s Men’s
Direct Labor Variance Coats Coats Total
Rate variance:
Actual rate
Problem 23(9)-2B
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Direct labor rate variance⎯(favorable) unfavorable
Time variance
Actual tiime
Standard time
Variance
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 Filler Liner Total
Price variance:
Total direct materials cost variance:
Supporting calculations: Women’s Men’s Total
Standard quantity used of filler:
Standard quantity used of liner:
b. Women’s Men’s
Direct Labor Variance Coats Coats Total
Rate variance:
Actual rate 14.10$ 13.30$
Problem 23(9)-2B
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Time variance
Total direct labor cost variance⎯(favorable) unfavorable 632.50$
2.
The variance analyses should be based on the standard amounts at actual volumes. The budget must flex with the volume