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    Week 11 - Acct - Standard Costs and Variances - Quiz

    Uploaded by

    Alenne Felizardo
    The document contains standard cost cards and actual cost cards for direct materials, direct labor, and variable manufacturing overhead. It shows the calculations to determine variances for materials, labor, and overhead. Key variances include a $7,000 favorable materials price variance, a $3,800 unfavorable labor rate variance, and $3,800 unfavorable overhead efficiency variance. The total unfavorable variance was $9,400.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Week 11 - Acct - Standard Costs and Variances - Quiz

    Uploaded by

    Alenne Felizardo
    32 views184 pages
    The document contains standard cost cards and actual cost cards for direct materials, direct labor, and variable manufacturing overhead. It shows the calculations to determine variances for materials, labor, and overhead. Key variances include a $7,000 favorable materials price variance, a $3,800 unfavorable labor rate variance, and $3,800 unfavorable overhead efficiency variance. The total unfavorable variance was $9,400.

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    week 11 - acct - Standard Costs and Variances - quiz

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    The document contains standard cost cards and actual cost cards for direct materials, direct labor, and variable manufacturing overhead. It shows the calculations to determine variances for materials, labor, and overhead. Key variances include a $7,000 favorable materials price variance, a $3,800 unfavorable labor rate variance, and $3,800 unfavorable overhead efficiency variance. The total unfavorable variance was $9,400.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    32 views184 pages

    Week 11 - Acct - Standard Costs and Variances - Quiz

    Uploaded by

    Alenne Felizardo
    The document contains standard cost cards and actual cost cards for direct materials, direct labor, and variable manufacturing overhead. It shows the calculations to determine variances for materials, labor, and overhead. Key variances include a $7,000 favorable materials price variance, a $3,800 unfavorable labor rate variance, and $3,800 unfavorable overhead efficiency variance. The total unfavorable variance was $9,400.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Standard Cost Card

    Inputs Identifiable Name

    Direct Materials 1 (DM1) Material 1


    Direct Materials 2 (DM2)
    Direct Labor 1 (DL1) Labor 1
    Direct Labor 2 (DL2)
    Variable MOH
    Total Standard Unit Cost
    Direct Materials 1 (DM1)
    Direct Materials 2 (DM2)
    Direct Labor 1 (DL1)
    Direct Labor 2 (DL2)
    Variable MOH
    Total Standard Unit Cost

    Item Quantity (Planned Output) (PO)

    Actual Cost Card


    Inputs

    Direct Materials (Purchased) 1 (DMP1) Material 1


    Direct Materials (Purchased) 2 (DMP2)
    Direct Materials (Used) 1 (DMU1)
    Durect Materials (Used) 2 (DMU2)
    Direct Labor Actual 1 (DLA1) Producing Product 1
    Direct Labor Actual 2 (DLA2)
    Variable MOH Actual MOH Product 1
    Item Quantity (Actual Output) (AO1) Product 1
    Item Quantity (Actual Output) (AO2)

    Materials Variance
    Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
    Standard Price 1 (SP1) Prices for DM1
    Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
    Actual Price 1 (AP1) Price for DMP1
    Actual Quantity Used 1 (AQU1) Quantities for DMU1

    Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)


    Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

    Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+


    Standard Price 2 (SP2) Prices for DM2
    Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
    Actual Price 2 (AP2) Price for DMP2
    Actual Quantity Used 2 (AQU2) Quantities for DMU2

    Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)


    Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

    Total Material Price Variance (TMPV) MPV1+MPV2


    Total Material Quantity Variance (TMPQV) MQV1+MQV2

    Direct Labor Variance


    Standard Hours (SH)
    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)

    Labor Spending Varianve

    Standard Hours (SH)


    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)
    Labor Spending Varianve

    Total Labor Rate Variance (TLRV)


    Total Labor Efficiency Variance (TLEV)

    Variable MOH Variance


    Standard Hours (SH) Level of Activity
    Standard Rate (SR) Predetermined Overhead Rate
    Actual Hours (AH) Level of Activity
    Actual Rate (AR) Predetermined Overhead Rate

    Variable Overhead Rate Variance (VORV)


    Variable Overhead Efficiency Variance (VOEV)

    Spending Variance

    Materials Price Variance (MPV)


    Materials Quantity Variance (MQV)
    Labor Rate Variance (LRV)
    Labor Efficiency Variance (LEV)
    Variable Overhead Rate Variance (VORV)
    Variable Overhead Efficiency Variance (VOEV)

    Excess of Actual over Standard


    Portion due to Inefficiency:
    Labor Efficiency Variace
    Variable OH Efficiency Variance
    Total:
    Portion due to other variances
    andard Cost Card
    Standard
    A Measurement B Measurement AxB
    Quantity or Hours Unit Price or Rate Unit Cost

    1.80 feet $ 1.00 per foot $ 1.80


    $ -
    0.90 hours $ 15.00 per hour $ 13.50
    $ -
    0.90 hours $ 6.00 per hour $ 5.40
    $ 20.70
    $ -
    $ -
    $ -
    $ -
    $ -
    $ -

    units hours of work

    Actual Cost Card


    Total Actual Qty
    Quantity or Hours Unit per unit Price or Rate Unit
    17,500.00 feet 1.75 $ 1.40 per foot

    feet

    9,500.00 labor-hour 0.95 $ 14.60 per labor-hour

    9,500.00 labor-hour 0.95 $ 5.60


    10,000.00 units

    18,000.00
    $ 1.00
    17,500.00 Material 1
    $ 1.40

    $ 7,000.00 U $ 0.70
    $ (500.00) F $ (0.05)

    -
    $ -
    -
    $ -

    $ -
    $ -

    $ 7,000.00 U
    $ (500.00) U

    9,000.00
    $ 15.00
    9,500.00 Process 1
    $ 14.60

    $ (3,800.00) F $ (0.38)
    $ 7,500.00 U $ 0.75

    $ 3,700.00 U

    -
    $ -
    -
    $ -

    $ -
    $ -
    $ -

    $ (3,800.00) U
    $ 7,500.00 F

    9,000.00
    $ 6.00
    9,500.00
    $ 5.60

    $ (3,800.00) F $ (0.38)
    $ 3,000.00 U $ 0.30

    $ (800.00) U

    $ 7,000.00 U
    $ (500.00) U
    $ (3,800.00) U
    $ 7,500.00 F
    $ (3,800.00) F
    $ 3,000.00 U
    $ 9,400.00 U

    $ (0.94) U

    $ 0.75 U
    $ 0.30 U
    $ 1.05 U
    $ 0.11 F
    Total

    PRODUCT 1

    Total
    Price

    Direct Labor Cost (Planning) $ -

    Direct Labor Cost (Flexible) $ 135,000.00

    Raw Material Cost (Planning) $ -


    Raw Material Cost (Flexible) $ 24,500.00

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    17,500.00 x $ 1.40 17,500.00 x $ 1.00
    =$ 24,500.00 = $ 17,500.00 =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    x $ 1.00
    = Not being used
    Materials Price Variance (MPV) Materials Quantity Varian
    = $ 7,000.00 U = $ (500.0

    Spending Variance
    = $ 6,500.00 U

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    - x $ - - x $ -
    = $ - = $ - =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    x $ -
    = Not being used

    Materials Price Variance (MPV) Materials Quantity Varian


    = $ - = $

    Spending Variance
    = $ -

    (AH x AR) (AH x SR) (SH x


    9,500.00 x $ 14.60 9,500.00 x $ 15.00
    = $ 138,700.00 = $ 142,500.00 =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = $ (3,800.00) F = $ 7,500.0

    Spending Variance
    = $ 3,700.00 U

    (AH x AR) (AH x SR) (SH x


    - x $ - - x $ -
    = $ - = $ - =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = $ - = $
    Spending Variance
    = $ -

    (AH x AR) (AH x SR) (SH x


    9,500.00 x $ 5.60 9,500.00 x $ 6.00
    =$ 53,200.00 = $ 57,000.00 =
    Variable MOH Cost (Planning) Variable MOH
    Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
    = $ (3,800.00) F = $ 3,000.0

    Spending Variance
    = $ (800.00) U
    (SQ x SP)
    18,000.00 x $ 1.00
    $ 18,000.00
    Materials Quantity Variance (MQV)
    $ (500.00) F

    (SQ x SP)
    - x $ -
    $ -

    Materials Quantity Variance (MQV)


    $ - U

    (SH x SR)
    9,000.00 x $ 15.00
    $ 135,000.00
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ 7,500.00 U

    (SH x SR)
    - x $ -
    $ -
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ -
    (SH x SR)
    9,000.00 x $ 6.00
    $ 54,000.00
    Variable MOH Cost (Flexible)
    able Overhead Efficiency Variance (VOEV)
    $ 3,000.00 U

    U
    Standard Cost Card
    Standard
    A Measurement
    Inputs
    Quantity or Hours Unit

    Direct Materials 3.00 pounds


    Direct Labor 0.80 hours
    Variable MOH 0.40 machine-hours
    Total Standard Unit Cost

    Actual Cost Card


    Total
    Inputs
    Quantity or Hours Unit
    Direct Materials (Purchased) 60,000.00 pounds
    Direct Materials (Used) 49,200.00 pounds
    Direct Labor 11,800.00 hours
    Variable MOH 5,900.00 machine-hours

    Item Quantity 15,000.00 pools

    M
    Standard Quantity (SQ) 45,000.00
    Standard Price (SP) $ 5.00
    Actual Quantity (AQ) (Purchased) 60,000.00
    Actual Price (AP) $ 4.95
    Actual Quantity (AQ) (Used) $ 49,200.00

    Materials Price Variance (MPV) $ (3,000.00) F


    Materials Quantity Variance (MQV) $ 21,000.00 U

    Dir
    Standard Hours (SH) 12,000.00
    Standard Rate (SR) $ 16.00
    Actual Hours (AH) 11,800.00
    Actual Rate (AR) $ 17.00
    Labor Rate Variance (LRV) $ 11,800.00 U
    Labor Efficiency Variance (LEV) $ (3,200.00) F

    Vari
    Standard Hours (SH) Level of Activity 6,000.00
    Standard Rate (SR) Predetermined Overhead Rate $ 3.00
    Actual Hours (AH) Level of Activity 5,900.00
    Actual Rate (AR) Predetermined Overhead Rate $ 3.10

    Variable Overhead Rate Variance (VORV) $ 590.00 U


    Variable Overhead Efficiency Variance (VOEV) $ (300.00) F

    Materials Price Variance (MPV) $ (3,000.00) F


    Materials Quantity Variance (MQV) $ 21,000.00 U
    Labor Rate Variance (LRV) $ 11,800.00 U
    Labor Efficiency Variance (LEV) $ (3,200.00) F
    Variable Overhead Rate Variance (VORV) $ 590.00 U
    Variable Overhead Efficiency Variance (VOEV) $ (300.00) F
    $ 26,890.00 U
    ard
    Standard
    B Measurement AxB
    Price or Rate Unit Cost

    $ 5.00 per pound $ 15.00


    $ 16.00 per hour $ 12.80
    $ 3.00 per hour $ 1.20
    $ 29.00

    d
    Total
    Price or Rate Unit Price
    $ 4.95 per pound

    $ 17.00 per hour


    $ 3.10 $ 18,290.00

    Materials Variance
    (AQ x AP) (AQ Purchased x SP)
    60,000.00 x $ 4.95 60,000.00
    =$ 297,000.00 = $ 300,000.00

    (AQ Used x SP)


    49,200.00
    = $ 246,000.00

    Materials Price Variance (MPV)


    = $ (3,000.00) F

    Spending Variance
    = $ 18,000.00

    Direct Labor Variance


    (AH x AR) (AH x SR)
    11,800.00 x $ 17.00 11,800.00
    =$ 200,600.00 = $ 188,800.00

    Labor Rate Variance (LRV)


    = $ 11,800.00 U

    Spending Variance
    = $ 8,600.00

    Variable MOH Variance


    (AH x AR) (AH x SR)
    5,900.00 x $ 3.10 5,900.00
    = $ 18,290.00 = $ 17,700.00

    Variable Overhead Rate Variance (VORV)


    = $ 590.00 U

    Spending Variance
    = $ 290.00
    AQ Purchased x SP) (SQ x SP)
    x $ 5.00 45,000.00 x $ 5.00
    300,000.00 = $ 225,000.00

    (AQ Used x SP)


    x $ 5.00
    246,000.00

    Materials Quantity Variance (MQV)


    = $ 21,000.00 U

    nding Variance
    F

    (AH x SR) (SH x SR)


    x $ 16.00 12,000.00 x $ 16.00
    188,800.00 = $ 192,000.00

    Labor Efficiency Variance (LEV)


    = $ (3,200.00) F

    nding Variance
    F

    (AH x SR) (SH x SR)


    x $ 3.00 6,000.00 x $ 3.00
    17,700.00 =$ 18,000.00

    Variable Overhead Efficiency Variance (VOEV)


    = $ (300.00) F

    nding Variance
    F
    Standard Cost Card
    Standard
    A Measurement
    Inputs
    Quantity or Hours Unit

    Direct Materials 5.00 pounds


    Direct Labor 3.00 hours
    Variable MOH 3.00 labor-hours
    Total Standard Unit Cost

    Actual Cost Card


    Total
    Inputs
    Quantity or Hours Unit
    Direct Materials (Purchased) 178,000.00 pounds
    Direct Materials (Used) 154,000.00 pounds
    Direct Labor 63,000.00 hours
    Variable MOH 63,000.00 labor-hour
    Item Quantity (Planned) 21,000.00 units
    Item Quantity (Actual Output) 26,600.00 units

    Standard Quantity (SQ) 133,000.00


    Standard Price (SP) $ 11.00
    Actual Quantity (AQ) (Purchased) 178,000.00
    Actual Price (AP) $ 9.50
    Actual Quantity (AQ) (Used) $ 154,000.00

    Materials Price Variance (MPV) $ (267,000.00) F


    Materials Quantity Variance (MQV) $ 231,000.00 U

    Standard Hours (SH) 79,800.00


    Standard Rate (SR) $ 12.00
    Actual Hours (AH) 63,000.00
    Actual Rate (AR) $ 13.00
    Labor Rate Variance (LRV) $ 63,000.00 U
    Labor Efficiency Variance (LEV) $ (201,600.00) F

    Labor Spending Varianve $ (138,600.00) F

    Standard Hours (SH) Level of Activity 79,800.00


    Standard Rate (SR) Predetermined Overhead Rate $ 7.00
    Actual Hours (AH) Level of Activity 63,000.00
    Actual Rate (AR) Predetermined Overhead Rate $ 8.11

    Variable Overhead Rate Variance (VORV) $ 69,930.00 U


    Variable Overhead Efficiency Variance (VOEV) $ (117,600.00) F

    Materials Price Variance (MPV) $ (267,000.00) F


    Materials Quantity Variance (MQV) $ 231,000.00 U
    Labor Rate Variance (LRV) $ 63,000.00 U
    Labor Efficiency Variance (LEV) $ (201,600.00) F
    Variable Overhead Rate Variance (VORV) $ 69,930.00 U
    Variable Overhead Efficiency Variance (VOEV) $ (117,600.00) F
    $ (222,270.00) U
    ard
    Standard
    B Measurement AxB
    Price or Rate Unit Cost

    $ 11.00 per pound $ 55.00


    $ 12.00 per hour $ 36.00
    $ 7.00 per hour $ 21.00
    $ 112.00

    d
    Total
    Price or Rate Unit Price
    $ 9.50 per pound

    $ 13.00 per hour Direct Labor Cost (Planning) $ 756,000.00


    $ 8.11 $ 510,930.00 Direct Labor Cost (Flexible) $ 957,600.00
    Raw Material Cost (Planning) $ 1,155,000.00
    Raw Material Cost (Flexible) $ 1,691,000.00

    Materials Variance
    (AQ x AP) (AQ Purchased
    178,000.00 x $ 9.50
    = $ 1,691,000.00 =
    Raw Material Cost (Flexible)
    (AQ Used x S

    Materials Price Variance (MPV)


    = $ (267,000.00)

    Spending Variance
    = $ (36,000.00)

    Direct Labor Variance


    (AH x AR) (AH x SR)
    63,000.00 x $ 13.00
    = $ 819,000.00 =
    Direct Labor Cost (P
    Labor Rate Variance (LRV)
    = $ 63,000.00

    Spending Variance
    = $ (138,600.00)

    Variable MOH Variance


    (AH x AR) (AH x SR)
    63,000.00 x $ 8.11
    = $ 510,930.00 =
    Variable MOH Cost (
    Variable Overhead Rate Variance (VORV)
    = $ 69,930.00

    Spending Variance
    = $ (47,670.00)
    $ 756,000.00
    $ 957,600.00
    $ 1,155,000.00
    $ 1,691,000.00

    (AQ Purchased x SP) (SQ x SP)


    178,000.00 x $ 11.00 133,000.00 x $ 11.00
    $ 1,958,000.00 = $ 1,463,000.00

    (AQ Used x SP)


    154,000.00 x $ 11.00
    $ 1,694,000.00

    nce (MPV) Materials Quantity Variance (MQV)


    F = $ 231,000.00 U

    Spending Variance
    (36,000.00) U

    (AH x SR) (SH x SR)


    63,000.00 x $ 12.00 79,800.00 x $ 12.00
    $ 756,000.00 =$ 957,600.00
    Direct Labor Cost (Planning) Direct Labor Cost (Flexible)
    ce (LRV) Labor Efficiency Variance (LEV)
    U = $ (201,600.00) F

    Spending Variance
    (138,600.00) U

    (AH x SR) (SH x SR)


    63,000.00 x $ 7.00 79,800.00 x $ 7.00
    $ 441,000.00 =$ 558,600.00
    Variable MOH Cost (Planning) Variable MOH Cost (Flexible)
    ariance (VORV) Variable Overhead Efficiency Variance (VOEV)
    U = $ (117,600.00) F

    Spending Variance
    (47,670.00) U
    Standard Cost Card
    Standard
    A Measurement
    Inputs
    Quantity or Hours Unit

    Direct Materials 2.00 yards


    Direct Labor 0.50 hours
    Variable MOH 0.50 labor-hours
    Total Standard Unit Cost

    Item Quantity (Planned) 2,020.00 units

    Actual Cost Card


    Total
    Inputs
    Quantity or Hours Unit
    Direct Materials (Purchased) 8,100.00 yards
    Direct Materials (Used) pounds
    Direct Labor 1,080.00 hours
    Variable MOH 1,080.00 labor-hour
    Item Quantity (Actual Output) 2,700.00 units

    Materials Variance
    Standard Quantity (SQ) 5,400.00
    Standard Price (SP) $ 9.00
    Actual Quantity (AQ) (Purchased) 8,100.00
    Actual Price (AP) $ 5.80
    Actual Quantity (AQ) (Used)

    Materials Price Variance (MPV) $ (25,920.00) F


    Materials Quantity Variance (MQV) $ 24,300.00 U

    Direct Labor Variance


    Standard Hours (SH) 1,350.00
    Standard Rate (SR) $ 7.00
    Actual Hours (AH) 1,080.00
    Actual Rate (AR) $ 9.25
    Labor Rate Variance (LRV) $ 2,430.00 U
    Labor Efficiency Variance (LEV) $ (1,890.00) F

    Labor Spending Varianve $ 540.00 F

    Variable MOH Variance


    Standard Hours (SH) Level of Activity 1,350.00
    Standard Rate (SR) Predetermined Overhead Rate $ 3.00
    Actual Hours (AH) Level of Activity 1,080.00
    Actual Rate (AR) Predetermined Overhead Rate $ 4.25

    Variable Overhead Rate Variance (VORV) $ 1,350.00 U


    Variable Overhead Efficiency Variance (VOEV) $ (810.00) F

    Materials Price Variance (MPV) $ (25,920.00) F


    Materials Quantity Variance (MQV) $ 24,300.00 U
    Labor Rate Variance (LRV) $ 2,430.00 U
    Labor Efficiency Variance (LEV) $ (1,890.00) F
    Variable Overhead Rate Variance (VORV) $ 1,350.00 U
    Variable Overhead Efficiency Variance (VOEV) $ (810.00) F
    $ (540.00) U
    ard
    Standard
    B Measurement AxB
    Price or Rate Unit Cost Total

    $ 9.00 per unit $ 18.00 $ 36,360.00


    $ 7.00 per hour $ 3.50 $ 7,070.00
    $ 3.00 per set of cover $ 1.50 $ 3,030.00
    $ 23.00

    1,010.00 hours of work

    d
    Total
    Price or Rate Unit Price
    $ 5.80 per set of cover $ 46,980.00
    Direct Labor Cost (Planning)
    $ 9.25 per hour $ 9,990.00 Direct Labor Cost (Flexible)
    $ 4.25 $ 4,590.00 Raw Material Cost (Planning)
    1,080.00 hours of work Raw Material Cost (Flexible)

    (AQ x AP)
    8,100.00 x
    = $ 46,980.00
    Raw Material Cost (Flexible)

    Materials Price Variance (MPV)


    =

    Spen
    =

    (AH x AR)
    1,080.00 x
    = $ 9,990.00
    Labor Rate Variance (LRV)
    =

    Spen
    =

    (AH x AR)
    1,080.00 x
    = $ 4,590.00

    Variable Overhead Rate Variance (VO


    =

    Spen
    =
    ost (Planning) $ 7,070.00
    ost (Flexible) $ 9,450.00
    Cost (Planning) $ 36,360.00
    Cost (Flexible) $ 46,980.00

    Q x AP) (AQ Purchased x SP) (SQ x SP)


    $ 5.80 8,100.00 x $ 9.00 5,400.00 x $ 9.00
    46,980.00 = $ 72,900.00 = $ 48,600.00
    l Cost (Flexible)
    (AQ Used x SP)
    x $ 9.00
    = #VALUE!

    terials Price Variance (MPV) Materials Quantity Variance (MQV)


    $ (25,920.00) F = $ 24,300.00 U

    Spending Variance
    $ (1,620.00) U

    x AR) (AH x SR) (SH x SR)


    $ 9.25 1,080.00 x $ 7.00 1,350.00 x $ 7.00
    9,990.00 =$ 7,560.00 = $ 9,450.00
    Direct Labor Cost (Planning) Direct Labor Cost (Flexible)
    Labor Rate Variance (LRV) Labor Efficiency Variance (LEV)
    $ 2,430.00 U = $ (1,890.00) F

    Spending Variance
    $ 540.00 F

    x AR) (AH x SR) (SH x SR)


    $ 4.25 1,080.00 x $ 3.00 1,350.00 x $ 3.00
    4,590.00 =$ 3,240.00 = $ 4,050.00
    Variable MOH Cost (Planning) Variable MOH Cost (Flexible)
    Overhead Rate Variance (VORV) Variable Overhead Efficiency Variance (VOEV)
    $ 1,350.00 U = $ (810.00) F

    Spending Variance
    $ 540.00 F
    Standard Cost Card

    Inputs Identifiable Name

    Direct Materials 1 (DM1) X442


    Direct Materials 2 (DM2) Y661
    Direct Labor 1 (DL1) Sintering
    Direct Labor 2 (DL2) Finishing
    Variable MOH
    Total Standard Unit Cost
    Direct Materials 1 (DM1) X442
    Direct Materials 2 (DM2) Y661
    Direct Labor 1 (DL1) Sintering
    Direct Labor 2 (DL2) Finishing
    Variable MOH
    Total Standard Unit Cost

    Item Quantity (Planned Output) (PO)

    Actual Cost Card


    Inputs

    Direct Materials (Purchased) 1 (DMP1) X442


    Direct Materials (Purchased) 2 (DMP2) Y661
    Direct Materials (Used) 1 (DMU1) X442
    Durect Materials (Used) 2 (DMU2) Y661
    Direct Labor Actual 1 (DLA1) Sintering
    Direct Labor Actual 2 (DLA2) Finishing
    Variable MOH Actual
    Item Quantity (Actual Output) (AO1) Units produced of Alpha6
    Item Quantity (Actual Output) (AO2) Units Produced of Zeta7

    Materials Variance
    Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
    Standard Price 1 (SP1) Prices for DM1
    Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
    Actual Price 1 (AP1) Price for DMP1
    Actual Quantity Used 1 (AQU1) Quantities for DMU1

    Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)


    Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

    Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+


    Standard Price 2 (SP2) Prices for DM2
    Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
    Actual Price 2 (AP2) Price for DMP2
    Actual Quantity Used 2 (AQU2) Quantities for DMU2

    Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)


    Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

    Total Material Price Variance (TMPV) MPV1+MPV2


    Total Material Quantity Variance (TMPQV) MQV1+MQV2

    Direct Labor Variance


    Standard Hours (SH)
    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)

    Labor Spending Varianve

    Standard Hours (SH)


    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)
    Labor Spending Varianve

    Total Labor Rate Variance (TLRV)


    Total Labor Efficiency Variance (TLEV)

    Variable MOH Variance


    Standard Hours (SH) Level of Activity
    Standard Rate (SR) Predetermined Overhead Rate
    Actual Hours (AH) Level of Activity
    Actual Rate (AR) Predetermined Overhead Rate

    Variable Overhead Rate Variance (VORV)


    Variable Overhead Efficiency Variance (VOEV)

    Materials Price Variance (MPV)


    Materials Quantity Variance (MQV)
    Labor Rate Variance (LRV)
    Labor Efficiency Variance (LEV)
    Variable Overhead Rate Variance (VORV)
    Variable Overhead Efficiency Variance (VOEV)
    andard Cost Card
    Standard
    A Measurement B Measurement AxB
    Quantity or Hours Unit Price or Rate Unit Cost

    2.00 kilos $ 4.30 per kilo $ 8.60


    1.50 liters $ 1.60 per liter $ 2.40
    0.10 hours $ 22.00 per hour $ 2.20
    0.80 hours $ 21.00 per hour $ 16.80
    $ -
    $ 30.00
    3.00 kilos $ 4.30 per kilo $ 12.90
    2.50 liters $ 1.60 per liter $ 4.00
    0.45 hours $ 22.00 per hour $ 9.90
    0.90 hours $ 21.00 per hour $ 18.90
    $ -
    $ 45.70

    units hours of work

    Actual Cost Card


    Total Total
    Quantity or Hours Unit Price or Rate Unit Price
    14,800.00 kilos $ 4.50 per kilo $ 66,600.00
    15,800.00 liters $ 1.50 per liter $ 23,700.00
    9,300.00 kilos
    13,800.00 liters
    1,220.00 labor-hours $ 23.00 per labor-hour $ 28,060.00
    2,930.00 labor-hours $ 23.00 per labor-hour $ 67,390.00
    #DIV/0!
    2,300.00 units hours of work
    1,600.00 units

    9,400.00
    $ 4.30
    14,800.00 X442
    $ 4.50
    $ 9,300.00

    $ 2,960.00 U
    $ (430.00) F

    7,450.00
    $ 1.60
    15,800.00 Y661
    $ 1.50
    $ 13,800.00

    $ (1,580.00) F
    $ 10,160.00 U

    $ 1,380.00 U
    $ 9,730.00 U

    950.00
    $ 22.00
    1,220.00 Sintering
    $ 23.00

    $ 1,220.00 U
    $ 5,940.00 U

    $ 7,160.00 F

    3,280.00
    $ 21.00
    2,930.00 Finishing
    $ 23.00

    $ 5,860.00 U
    $ (7,350.00) F
    $ (1,490.00) F

    $ 7,080.00 U
    $ (1,410.00) F

    -
    $ -
    -
    #DIV/0!

    #DIV/0!
    $ -

    $ 1,380.00 U
    $ 9,730.00 U
    $ 7,080.00 U
    $ (1,410.00) F
    $ -
    $ -
    $ 16,780.00 U
    Total

    Alpha6

    Zeta 7

    Direct Labor Cost (Planning) $ -

    Direct Labor Cost (Flexible) $ 5,060.00

    Raw Material Cost (Planning) $ -


    Raw Material Cost (Flexible) $ 66,600.00

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    14,800.00 x $ 4.50 14,800.00 x $ 4.30
    =$ 66,600.00 = $ 63,640.00 =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    9,300.00 x $ 4.30
    = $ 39,990.00
    Materials Price Variance (MPV) Materials Quantity Varian
    = $ 2,960.00 U = $ (430.0

    Spending Variance
    = $ 2,530.00 F

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    15,800.00 x $ 1.50 15,800.00 x $ 1.60
    =$ 23,700.00 = $ 25,280.00 =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    13,800.00 x $ 1.60
    = $ 22,080.00

    Materials Price Variance (MPV) Materials Quantity Varian


    = $ (1,580.00) F = $ 10,160.0

    Spending Variance
    = $ 8,580.00 F

    (AH x AR) (AH x SR) (SH x


    1,220.00 x $ 23.00 1,220.00 x $ 22.00
    =$ 28,060.00 = $ 26,840.00 =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = $ 1,220.00 U = $ 5,940.0

    Spending Variance
    = $ 7,160.00 F

    (AH x AR) (AH x SR) (SH x


    2,930.00 x $ 23.00 2,930.00 x $ 21.00
    =$ 67,390.00 = $ 61,530.00 =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = $ 5,860.00 U = $ (7,350.0
    Spending Variance
    = $ (1,490.00) U

    (AH x AR) (AH x SR) (SH x


    - x #DIV/0! - x $ -
    = #DIV/0! = $ - =
    Variable MOH Cost (Planning) Variable MOH
    Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
    = #DIV/0! #DIV/0! = $

    Spending Variance
    = #DIV/0! #DIV/0!
    (SQ x SP)
    9,400.00 x $ 4.30
    $ 40,420.00
    Materials Quantity Variance (MQV)
    $ (430.00) F

    (SQ x SP)
    7,450.00 x $ 1.60
    $ 11,920.00

    Materials Quantity Variance (MQV)


    $ 10,160.00 U

    (SH x SR)
    950.00 x $ 22.00
    $ 20,900.00
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ 5,940.00 U

    (SH x SR)
    3,280.00 x $ 21.00
    $ 68,880.00
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ (7,350.00) F
    U

    (SH x SR)
    - x $ -
    $ -
    Variable MOH Cost (Flexible)
    able Overhead Efficiency Variance (VOEV)
    $ -

    #DIV/0!
    Standard Cost Card

    Inputs Identifiable Name

    Direct Materials 1 (DM1) Material 1


    Direct Materials 2 (DM2)
    Direct Labor 1 (DL1)
    Direct Labor 2 (DL2)
    Variable MOH
    Total Standard Unit Cost
    Direct Materials 1 (DM1)
    Direct Materials 2 (DM2)
    Direct Labor 1 (DL1)
    Direct Labor 2 (DL2)
    Variable MOH
    Total Standard Unit Cost

    Item Quantity (Planned Output) (PO)

    Actual Cost Card


    Inputs

    Direct Materials (Purchased) 1 (DMP1) Material 1


    Direct Materials (Purchased) 2 (DMP2)
    Direct Materials (Used) 1 (DMU1)
    Durect Materials (Used) 2 (DMU2)
    Direct Labor Actual 1 (DLA1) Producing Product 1
    Direct Labor Actual 2 (DLA2)
    Variable MOH Actual
    Item Quantity (Actual Output) (AO1) Product 1
    Item Quantity (Actual Output) (AO2)

    Materials Variance
    Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
    Standard Price 1 (SP1) Prices for DM1
    Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
    Actual Price 1 (AP1) Price for DMP1
    Actual Quantity Used 1 (AQU1) Quantities for DMU1

    Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)


    Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

    Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+


    Standard Price 2 (SP2) Prices for DM2
    Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
    Actual Price 2 (AP2) Price for DMP2
    Actual Quantity Used 2 (AQU2) Quantities for DMU2

    Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)


    Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

    Total Material Price Variance (TMPV) MPV1+MPV2


    Total Material Quantity Variance (TMPQV) MQV1+MQV2

    Direct Labor Variance


    Standard Hours (SH)
    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)

    Labor Spending Varianve

    Standard Hours (SH)


    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)
    Labor Spending Varianve

    Total Labor Rate Variance (TLRV)


    Total Labor Efficiency Variance (TLEV)

    Variable MOH Variance


    Standard Hours (SH) Level of Activity
    Standard Rate (SR) Predetermined Overhead Rate
    Actual Hours (AH) Level of Activity
    Actual Rate (AR) Predetermined Overhead Rate

    Variable Overhead Rate Variance (VORV)


    Variable Overhead Efficiency Variance (VOEV)

    Materials Price Variance (MPV)


    Materials Quantity Variance (MQV)
    Labor Rate Variance (LRV)
    Labor Efficiency Variance (LEV)
    Variable Overhead Rate Variance (VORV)
    Variable Overhead Efficiency Variance (VOEV)
    andard Cost Card
    Standard
    A Measurement B Measurement AxB
    Quantity or Hours Unit Price or Rate Unit Cost

    3.00 feet $ 5.00 per foot $ 15.00


    $ -
    1.50 $ 7.00 $ 10.50
    $ -
    $ -
    $ 25.50
    $ -
    $ -
    $ -
    $ -
    $ -
    $ -

    units hours of work

    Actual Cost Card


    Total Total
    Quantity or Hours Unit Price or Rate Unit Price
    10,500.00 feet $ 5.30 per foot $ 55,650.00
    #DIV/0!
    10,500.00 feet

    4,900.00 labor-hour $ 7.50 per labor-hour $ 36,750.00


    #DIV/0!
    #DIV/0!
    3,200.00 units

    9,600.00
    $ 5.00
    10,500.00 Material 1
    $ 5.30
    $ 10,500.00

    $ 3,150.00 U
    $ 4,500.00 U

    -
    $ -
    -
    #DIV/0!

    #DIV/0! #DIV/0!
    $ -

    #DIV/0! U
    $ 4,500.00 U

    4,800.00
    $ 7.00
    4,900.00 Process 1
    $ 7.50

    $ 2,450.00 U
    $ 700.00 U

    $ 3,150.00 F

    -
    $ -
    -
    #DIV/0!

    #DIV/0! #DIV/0!
    $ -
    #DIV/0! F

    #DIV/0! U
    $ 700.00 F

    -
    $ -
    -
    #DIV/0!

    #DIV/0!
    $ -

    #DIV/0! U
    $ 4,500.00 U
    #DIV/0! U
    $ 700.00 F
    $ -
    $ -
    #DIV/0! #DIV/0!
    Total

    PRODUCT 1

    Direct Labor Cost (Planning) $ -

    Direct Labor Cost (Flexible) $ 33,600.00

    Raw Material Cost (Planning) $ -


    Raw Material Cost (Flexible) $ 55,650.00

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    10,500.00 x $ 5.30 10,500.00 x $ 5.00
    =$ 55,650.00 = $ 52,500.00 =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    10,500.00 x $ 5.00
    = $ 52,500.00
    Materials Price Variance (MPV) Materials Quantity Varian
    = $ 3,150.00 U = $ 4,500.0

    Spending Variance
    = $ 7,650.00 U

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    - x #DIV/0! - x $ -
    = #DIV/0! = $ - =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    x $ -
    = Not being used

    Materials Price Variance (MPV) Materials Quantity Varian


    = #DIV/0! #DIV/0! = $

    Spending Variance
    = #DIV/0! #DIV/0!

    (AH x AR) (AH x SR) (SH x


    4,900.00 x $ 7.50 4,900.00 x $ 7.00
    =$ 36,750.00 = $ 34,300.00 =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = $ 2,450.00 U = $ 700.0

    Spending Variance
    = $ 3,150.00 F

    (AH x AR) (AH x SR) (SH x


    - x #DIV/0! - x $ -
    = #DIV/0! = $ - =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = #DIV/0! #DIV/0! = $
    Spending Variance
    = #DIV/0! #DIV/0!

    (AH x AR) (AH x SR) (SH x


    - x #DIV/0! - x $ -
    = #DIV/0! = $ - =
    Variable MOH Cost (Planning) Variable MOH
    Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
    = #DIV/0! #DIV/0! = $

    Spending Variance
    = #DIV/0! #DIV/0!
    (SQ x SP)
    9,600.00 x $ 5.00
    $ 48,000.00
    Materials Quantity Variance (MQV)
    $ 4,500.00 U

    (SQ x SP)
    - x $ -
    $ -

    Materials Quantity Variance (MQV)


    $ - U

    #DIV/0!

    (SH x SR)
    4,800.00 x $ 7.00
    $ 33,600.00
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ 700.00 U

    (SH x SR)
    - x $ -
    $ -
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ -
    #DIV/0!

    (SH x SR)
    - x $ -
    $ -
    Variable MOH Cost (Flexible)
    able Overhead Efficiency Variance (VOEV)
    $ -

    #DIV/0!
    Standard Cost Card

    Inputs Identifiable Name

    Direct Materials 1 (DM1) Material 1


    Direct Materials 2 (DM2)
    Direct Labor 1 (DL1) Labor 1
    Direct Labor 2 (DL2)
    Variable MOH
    Total Standard Unit Cost
    Direct Materials 1 (DM1)
    Direct Materials 2 (DM2)
    Direct Labor 1 (DL1)
    Direct Labor 2 (DL2)
    Variable MOH
    Total Standard Unit Cost

    Item Quantity (Planned Output) (PO)

    Actual Cost Card


    Inputs

    Direct Materials (Purchased) 1 (DMP1) Material 1


    Direct Materials (Purchased) 2 (DMP2)
    Direct Materials (Used) 1 (DMU1)
    Durect Materials (Used) 2 (DMU2)
    Direct Labor Actual 1 (DLA1) Producing Product 1
    Direct Labor Actual 2 (DLA2)
    Variable MOH Actual MOH Product 1
    Item Quantity (Actual Output) (AO1) Product 1
    Item Quantity (Actual Output) (AO2)

    Materials Variance
    Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
    Standard Price 1 (SP1) Prices for DM1
    Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
    Actual Price 1 (AP1) Price for DMP1
    Actual Quantity Used 1 (AQU1) Quantities for DMU1

    Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)


    Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

    Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+


    Standard Price 2 (SP2) Prices for DM2
    Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
    Actual Price 2 (AP2) Price for DMP2
    Actual Quantity Used 2 (AQU2) Quantities for DMU2

    Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)


    Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

    Total Material Price Variance (TMPV) MPV1+MPV2


    Total Material Quantity Variance (TMPQV) MQV1+MQV2

    Direct Labor Variance


    Standard Hours (SH)
    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)

    Labor Spending Varianve

    Standard Hours (SH)


    Standard Rate (SR)
    Actual Hours (AH)
    Actual Rate (AR)

    Labor Rate Variance (LRV)


    Labor Efficiency Variance (LEV)
    Labor Spending Varianve

    Total Labor Rate Variance (TLRV)


    Total Labor Efficiency Variance (TLEV)

    Variable MOH Variance


    Standard Hours (SH) Level of Activity
    Standard Rate (SR) Predetermined Overhead Rate
    Actual Hours (AH) Level of Activity
    Actual Rate (AR) Predetermined Overhead Rate

    Variable Overhead Rate Variance (VORV)


    Variable Overhead Efficiency Variance (VOEV)

    Spending Variance

    Materials Price Variance (MPV)


    Materials Quantity Variance (MQV)
    Labor Rate Variance (LRV)
    Labor Efficiency Variance (LEV)
    Variable Overhead Rate Variance (VORV)
    Variable Overhead Efficiency Variance (VOEV)

    Excess of Actual over Standard


    Portion due to Inefficiency:
    Labor Efficiency Variace
    Variable OH Efficiency Variance
    Total:
    Portion due to other variances
    andard Cost Card
    Standard
    A Measurement B Measurement AxB
    Quantity or Hours Unit Price or Rate Unit Cost

    1.80 feet $ 1.00 per foot $ 1.80


    $ -
    0.90 hours $ 15.00 per hour $ 13.50
    $ -
    0.90 hours $ 6.00 per hour $ 5.40
    $ 20.70
    $ -
    $ -
    $ -
    $ -
    $ -
    $ -

    units hours of work

    Actual Cost Card


    Total Actual Qty
    Quantity or Hours Unit per unit Price or Rate Unit
    17,500.00 feet 1.75 $ 1.40 per foot

    feet

    9,500.00 labor-hour 0.95 $ 14.60 per labor-hour

    9,500.00 labor-hour 0.95 $ 5.60


    10,000.00 units

    18,000.00
    $ 1.00
    17,500.00 Material 1
    $ 1.40

    $ 7,000.00 U $ 0.70
    $ (500.00) F $ (0.05)

    -
    $ -
    -
    $ -

    $ -
    $ -

    $ 7,000.00 U
    $ (500.00) U

    9,000.00
    $ 15.00
    9,500.00 Process 1
    $ 14.60

    $ (3,800.00) F $ (0.38)
    $ 7,500.00 U $ 0.75

    $ 3,700.00 U

    -
    $ -
    -
    $ -

    $ -
    $ -
    $ -

    $ (3,800.00) U
    $ 7,500.00 F

    9,000.00
    $ 6.00
    9,500.00
    $ 5.60

    $ (3,800.00) F $ (0.38)
    $ 3,000.00 U $ 0.30

    $ (800.00) U

    $ 7,000.00 U
    $ (500.00) U
    $ (3,800.00) U
    $ 7,500.00 F
    $ (3,800.00) F
    $ 3,000.00 U
    $ 9,400.00 U

    $ (0.94) U

    $ 0.75 U
    $ 0.30 U
    $ 1.05 U
    $ 0.11 F
    Total

    PRODUCT 1

    Total
    Price

    Direct Labor Cost (Planning) $ -

    Direct Labor Cost (Flexible) $ 135,000.00

    Raw Material Cost (Planning) $ -


    Raw Material Cost (Flexible) $ 24,500.00

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    17,500.00 x $ 1.40 17,500.00 x $ 1.00
    =$ 24,500.00 = $ 17,500.00 =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    x $ 1.00
    = Not being used
    Materials Price Variance (MPV) Materials Quantity Varian
    = $ 7,000.00 U = $ (500.0

    Spending Variance
    = $ 6,500.00 U

    (AQ Purchased x AP) (AQ Purchased x SP) (SQ x


    - x $ - - x $ -
    = $ - = $ - =
    Raw Material Cost (Flexible)
    (AQ Used x SP)
    x $ -
    = Not being used

    Materials Price Variance (MPV) Materials Quantity Varian


    = $ - = $

    Spending Variance
    = $ -

    (AH x AR) (AH x SR) (SH x


    9,500.00 x $ 14.60 9,500.00 x $ 15.00
    = $ 138,700.00 = $ 142,500.00 =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = $ (3,800.00) F = $ 7,500.0

    Spending Variance
    = $ 3,700.00 U

    (AH x AR) (AH x SR) (SH x


    - x $ - - x $ -
    = $ - = $ - =
    Direct Labor Cost (Planning) Direct Labor C
    Labor Rate Variance (LRV) Labor Efficiency Varianc
    = $ - = $
    Spending Variance
    = $ -

    (AH x AR) (AH x SR) (SH x


    9,500.00 x $ 5.60 9,500.00 x $ 6.00
    =$ 53,200.00 = $ 57,000.00 =
    Variable MOH Cost (Planning) Variable MOH
    Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
    = $ (3,800.00) F = $ 3,000.0

    Spending Variance
    = $ (800.00) U
    (SQ x SP)
    18,000.00 x $ 1.00
    $ 18,000.00
    Materials Quantity Variance (MQV)
    $ (500.00) F

    (SQ x SP)
    - x $ -
    $ -

    Materials Quantity Variance (MQV)


    $ - U

    (SH x SR)
    9,000.00 x $ 15.00
    $ 135,000.00
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ 7,500.00 U

    (SH x SR)
    - x $ -
    $ -
    Direct Labor Cost (Flexible)
    Labor Efficiency Variance (LEV)
    $ -
    (SH x SR)
    9,000.00 x $ 6.00
    $ 54,000.00
    Variable MOH Cost (Flexible)
    able Overhead Efficiency Variance (VOEV)
    $ 3,000.00 U

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