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Student Name:

Class:
Problem 10-10
1.
COTTONWOOD HOSPITAL
Materials Price and Quantity Variance
Standard quantity of plates allowed:
Blood tests
Smears
Total
Plates per test
Standard quantity allowed

Actual
quantity

Actual
price

Standard
quantity

Standard
price

Actual qty.
@ actual price

Actual qty.
@ std. price

Standard
qty.
@ std. price

Actual hours
@ std. rate

Standard
hours
@ std. rate

Actual hours
@ std. rate

Standard
hours
@ std. rate

Price Variance
Quantity Variance

2a.
COTTONWOOD HOSPITAL
Labor Rate and Efficiency Variances
Standard hours allowed:
Smears
Blood tests
Total standard hours allowed

Actual
hours

Actual
rate

Standard
hours

Standard
rate

Actual hours
@ actual rate

Rate Variance
Efficiency Variance
Spending Variance

3.
COTTONWOOD HOSPITAL
Variable Overhead Rate and Efficiency Variances

Actual
hours

Actual
rate

Standard
hours

Rate Variance
Efficiency Variance

Standard
rate

Actual hours
@ actual rate

Spending Variance

Given Data P10-10:


COTTONWOOD HOSPITAL
Number of blood tests
Number of smears
Number of plates purchased
Cost of plates
Quantity discount allowed
Unused plates at month end
Labor hours
Cost of labor hours
Variable overhead costs
Nationwide averages:
Number of plates per test
Cost per plate
Time for smear (hours)
Time for blood test (hours)
Average cost of lab time per hour
Variable overhead rate per hour

$
$

$
$

900
2,700
16,000
38,400
4%
2,000
1,800
18,450
11,700

3
2.50
0.30
0.60
12.00
6.00

Student Name:
Class:
Problem 10-14
VITALITE, INC.
Computations
1. Standard cost for August production:
Total standard cost
Direct labor
Variable manufacturing overhead
Total standard cost of materials used
2. Standard cost of a single kit
Number of kits produced
Standard materials cost of a single kit

Standard materials cost per yard


Yards of material required per kit
3. Materials price variance for August:
Actual cost of materials used
Standard cost of materials used
Spending variance

Materials price variance


Materials quantity variance
Spending variance
4. Standard direct labor rate per hour:
Standard variable manufacturing overhead cost for August
Standard variable manufacturing overhead rate per direct labor-hour
Standard direct labor-hours for August

Total standard labor cost for August


Total standard direct labor-hours for August
Standard direct labor rate per hour

5. Direct labor rate and efficiency variance for August:


Actual cost per kit produced
Number of kits produced
Total actual cost of production
Less: Actual cost of materials
Actual cost of manufacturing variable overhead
Actual cost of direct labor

Actual
hours

Actual
rate

Standard
rate

Actual hours
@ actual rate

Actual hours
@ std. rate

Standard
hours
@ std. rate

Actual hours
@ std. rate

Standard
hours
@ std. rate

Standard
Price or Rate

Standard
Cost

Rate Variance
Efficiency Variance
Spending Variance

6. Variable overhead rate and efficiency variance for August:

Actual
hours

Actual
rate

Standard
rate

Actual hours
@ actual rate

Rate Variance
Efficiency Variance
Spending Variance

7. Standard cost card for one kit:


Standard
Qty. or hours
Direct material (yards)
Direct labor (hours)
Variable manufacturing overhead (hours)
Total standard cost

Given Data P10-14:


VITALITE, INC.
Standard Variable Costs:

Direct materials
Direct labor
Variable manufacturing overhead
Total standard cost per kit
Kits manufactured and sold

Total standard cost


Actual costs incurred
Materials price variance
Materials quantity variance
Labor rate variance
Labor efficiency variance
Variable overhead rate variance
Variable overhead efficiency variance
Additional information for August:
Actual direct labor-hours
Difference between standard and actual
cost per kit produced in August

Standard Qty
or hours
?
?
?

$
$

Standard Price
or Rate
6 /yard
?
2 /hour

500
Materials
Used
?
$
10,000
?
$
600

Direct
Labor
8,000
?

U
?
?

900
$

0.14 U

VITALITE, INC.

Standard
Cost
$?
?
?
$

42

Variable Mfg.
Overhead
$
1,600
$
1,620

?
?

Student Name:
Class:
Problem 10-15
1.
HELIX COMPANY
Materials Price and Quantity Variance

Actual
quantity

Actual
price

Standard
quantity

Standard
price

Actual quantity
@ actual price

Actual quantity
@ std. price

Standard
quantity
@ std. price

Actual hours
@ std. rate

Standard
hours
@ std. rate

Price Variance
Quantity Variance
Spending Variance

2.
HELIX COMPANY
Labor Rate and Efficiency Variances

Actual
hours

Actual
rate

Standard
hours

Standard
rate

Actual hours
@ actual rate

Rate Variance
Efficiency Variance
Spending Variance

3.
HELIX COMPANY
Variable Manufacturing Overhead Rate and Efficiency Variances

Actual
hours

Actual
rate

Standard
hours

Rate Variance
Efficiency Variance
Spending Variance

Standard
rate

Actual hours
@ actual rate

Actual hours
@ std. rate

Standard
hours
@ std. rate

Given Data P10-15:


HELIX COMPANY
Direct labor-hours per month
Robes produced

780
1,950

Standard costs:
Direct materials
Direct labor
Variable manufacturing overhead

$
$
$

April production:
Direct labor-hours worked
Robes produced

Total
35,490
7,020
2,340

760
2,000

Actual costs during April:


Direct materials
Direct labor
Variable manufacturing overhead

Yards of material used in April


Standard material requirement per Robe

Per Unit
of Product
$
18.20
3.60
1.20
$
23.00

$
$
$

Total
36,000
7,600
3,800

Per Unit
of Product
$
18.00
3.80
1.90
$
23.70

6,000
2.8 yards

Student Name:
Class:
Problem 10A-12
1.
DRESSER COMPANY
Standard Cost Card
Standard
Quantity
or Hours
Direct material (pounds)
Direct labor (hours)
Variable manufacturing overhead (hours)
Fixed manufacturing overhead (hours)
Standard cost per unit

2.
DRESSER COMPANY
Materials and Labor Variances
Materials variances
Materials quantity variance:
Standard price
Actual quantity
Standard quantity
Materials quantity variance
Materials price variance:
Actual quantity
Actual price
Standard price
Materials price variance
Labor variances
Labor efficiency variance:
Standard rate
Actual hours
Standard hours
Labor rate variance
Labor rate variance:
Actual hours
Actual rate
Standard rate
Labor rate variance

Standard
Price
or Rate

Standard
Cost

3.
DRESSER COMPANY
Variable Manufacturing Overhead Variances

Actual
hours

Actual
rate

Standard
hours

Rate Variance
Efficiency Variance
Spending Variance

Standard
rate

Actual hours
@ actual rate

Actual hours
@ std. rate

Standard
hours
@ std. rate

Given Data P10A-12:


DRESSER COMPANY
Budget for current year:
Denominator activity (direct labor-hours)
Variable manufacturing overhead cost
Fixed manufacturing overhead cost
Standard cost card:

Direct material (pounds)


Direct labor (hours)
Mfg. overhead, percentage of direct labor cost
Standard cost per unit
Units produced during year
Incurred costs:
Materials purchased (pounds)
Materials used in production (pounds)
Direct labor cost incurred (hours)
Variable manufacturing overhead cost incurred
Fixed manufacturing overhead cost incurred

$
$

9,000
34,200
63,000
Standard
Quantity
or Hours
4.0
2.0
120%

Standard
Price
or Rate
$
2.60
$
9.00

4,800
Quantity
or Hours
30,000
20,000
10,000

Price
or Rate
2.50

8.60

Standard
Cost
$
10.40 per pound
18.00 per DLH
21.60
$
50.00

Cost
75,000

$
$
$

86,000
35,900
64,800

Student Name:
Class:
Problem 10B-3
1a.
TOPLINE SURF BOARDS
Materials Price and Quantity Variances for October

Actual
quantity

Actual
price

Standard
price

Actual quantity
@ actual price

Standard
quantity
@ std. price

Actual quantity
@ std. price

Materials price variance


Materials quantity variance

2a.
Actual direct labor hours worked during the period:
Standard rate
Standard hours
Actual direct labor hours worked

per hour
hours

TOPLINE SURF BOARDS


Direct Labor Rate and Efficiency Variances for October

Actual
hours

Actual
rate

Standard
hours

Standard
rate

Actual hours
@ actual rate

Actual hours
@ std. rate

Rate Variance
Efficiency Variance
Total Variance

3a.
TOPLINE SURF BOARDS
Variable Overhead Rate and Efficiency Variances

Actual
hours

Actual
rate

Standard
hours

Rate Variance
Efficiency Variance
Total Variance

Standard
rate

Actual hours
@ actual rate

Actual hours
@ std. rate

Standard
hours
@ std. rate

Standard
hours
@ std. rate

Given Data P10B-3:


TOPLINE SURF BOARDS

Standard Quantity
or Hours
Standard cost of one unit:
Direct materials
Direct labor
Variable manufacturing overhead
Total standard variable cost per unit
Units produced last year
Selected production data:
Material purchased
Materials used in production
Direct labor
Variable manufacturing overhead cost
Variable manufacturing overhead efficiency variance

6 ft @
1 hr @
1 hr @

Standard Price
or Rate
$
$
$

1.00
4.50
3.00

0.95

6,000

60,000 ft @
38,000 ft
?
hr @

Standard Price
or Rate
per ft.
per hour
per hour

per ft.

Standard
Cost
$

6.00
4.50
3.00
13.50

57,000

$
$
$

27,950
20,475
1,500 U