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
Problem 23(9)-2A
Cells with non-gray backgrounds are protected and cannot be edited.
0%
Name:
Section:
Score:
Key Code:
[Key code here]
Instructions
Answers are entered in the cells with gray backgrounds.
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.
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$
Supporting calculations:
b.
Direct Labor Variance Dark Chocolate Light Chocolate Total
Rate variance:
Actual rate 15.25$ 15.80$
Problem 23(9)-2A
Answers are entered in the cells with gray backgrounds.
Solution
Score:
Cells with non-gray backgrounds are protected and cannot be edited.
Name:
Section:
Instructions
Total direct labor cost variance⎯(favorable) unfavorable 936$
2.