3 Data 4 Exhibit 10-1: Standard Cost Card Inputs Standard Quantity Standard Price Direct materials 3.0 pounds 2$ 4.00 per pound 0.50 hours 2$ 22.00 per hour Direct labor 0.50 hours 2$ 6.00 per hour 8. Variable manufacturing overhead 10 Actual results: 1,910 units 11 Actual output 2$ 5,929.50 12 Actual variable manufacturing overhead cost Actual Quantity Actual price 13 5,675 pounds $ 4.30 per pound 14 Actual direct materials cost 2$ 22.20 per hour 1,005 hours 15 Actual direct labor cost
3 Data 4 Exhibit 10-1: Standard Cost Card Inputs Standard Quantity Standard Price Direct materials 3.0 pounds 2$ 4.00 per pound 0.50 hours 2$ 22.00 per hour Direct labor 0.50 hours 2$ 6.00 per hour 8. Variable manufacturing overhead 10 Actual results: 1,910 units 11 Actual output 2$ 5,929.50 12 Actual variable manufacturing overhead cost Actual Quantity Actual price 13 5,675 pounds $ 4.30 per pound 14 Actual direct materials cost 2$ 22.20 per hour 1,005 hours 15 Actual direct labor cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1.What is the labor rate variance ( indicate the effect of each variance by selecting "f" for favorable, U for unfavorable, and None for no effect and round your final answer to the nearest whole number)
2. What is the variable overhead efficiency variance ? ( indicate the effect of each variance by selecting "f" for favorable, U for unfavorable, and None for no effect and round your final answer to the nearest whole number)
3. what is the variable overhead rate variance?
Transcribed Image Text:Required information
A
B
1
Chapter 10: Applying Excel
Data
4
Exhibit 10-1: Standard Cost Card
Inputs
Standard Quantity
Standard Price
6.
Direct materials
3.0 pounds
%24
4.00 per pound
0.50 hours
22.00 per hour
7
Direct labor
0.50 hours
6.00 per hour
8.
Variable manufacturing overhead
10 Actual results:
1,910 units
11
Actual output
5,929.50
12
Actual variable manufacturing overhead cost
Actual Quantity
Actual price
13
5,675 pounds
4.30 per pound
14
Actual direct materials cost
22.20 per hour
1,005 hours
15
Actual direct labor cost
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