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Homework answers / question archive / 10
10.The materials price variance is A. $160 U B. $6,300 U C. $300 U D. $150 U
11.The materials quantity variance is A. $400 U B. $410 F C. $410 U D. $6,000 U
12.The labor rate variance is A. $210 F B. $190 F C. $399 F D. $190 U
13.73. The labor efficiency variance is A. $400 F B. $800 F C. $800 U D. $500 F
14.The variable overhead rate variance is A. $345 F B. $95 F C. $655.50 F D. $345 U
15.The variable overhead efficiency variance is A. $500 F B. $500 U C. $245 F D. $250 F
10. Materials price variance = (AQ × AP) - (AQ × SP)
$12,300 - (3,000 pounds × $4 per pound)
$12,300 - $12,000 = $300 U
11. Materials quantity variance = (AQ - SQ) × SP
Standard quantity ( SQ ) = 3 pounds per unit × 500 units = 1,500 pounds
= (1,600 pounds - 1,500 pounds) × $4 per pound
= 100 pounds × $4 per pound = $400 U
12.Labor rate variance = AH (AR - SR) = Direct labour cost - AH × SR
= $7,790 - (950 hours × $8 per hour)
= $7,790 - $7,600 = $190 U
13.Labour efficiency variance = (AH - SH) × SR
= ( 950 - 1,000 ) × 8 = 400 F
14. variable overhead rate variance = (variable overhead cost incurred) - (AH × SR)
= 4,655 - ( 950 × 5 ) = $95 F
15 variable overhead efficiency variance = (AH - SH) × SR
= (950 hours - 1,000 hours) × $5.00 per hour
= (-50 hours) $5.00 per hour = $250 F
