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  • A) Calculate The Price Variation For Materials

    Uploaded by

    Victor De Lucio
    15 views6 pages
    The document contains calculations for various cost and quantity variations between standard and actual amounts for materials and direct labor (DL) across multiple time periods. For materials in the first time period, there was a $20,875 favorable price variation but a $24,000 unfavorable quantity variation. For the second period, there was a $14,800 unfavorable quantity variation and $8,140 unfavorable price variation. For DL in one period, there was a $1,210 favorable rate variation but $16,900 favorable efficiency variation, for a total $18,110 favorable variation. In another period, there was a $2,350 unfavorable rate variation but $4,290 favorable efficiency variation,

    Original Description:

    Ejercicios Capítulo 7 Contabilidad de Costos

    Original Title

    1, 2, 4 & 5

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    The document contains calculations for various cost and quantity variations between standard and actual amounts for materials and direct labor (DL) across multiple time periods. For materials in the first time period, there was a $20,875 favorable price variation but a $24,000 unfavorable quantity variation. For the second period, there was a $14,800 unfavorable quantity variation and $8,140 unfavorable price variation. For DL in one period, there was a $1,210 favorable rate variation but $16,900 favorable efficiency variation, for a total $18,110 favorable variation. In another period, there was a $2,350 unfavorable rate variation but $4,290 favorable efficiency variation,

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    15 views6 pages

    A) Calculate The Price Variation For Materials

    Uploaded by

    Victor De Lucio
    The document contains calculations for various cost and quantity variations between standard and actual amounts for materials and direct labor (DL) across multiple time periods. For materials in the first time period, there was a $20,875 favorable price variation but a $24,000 unfavorable quantity variation. For the second period, there was a $14,800 unfavorable quantity variation and $8,140 unfavorable price variation. For DL in one period, there was a $1,210 favorable rate variation but $16,900 favorable efficiency variation, for a total $18,110 favorable variation. In another period, there was a $2,350 unfavorable rate variation but $4,290 favorable efficiency variation,

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 6

    a) Calculate the price variation for materials

    Standard Price
    (-) Actual Price
    Difference
    (*) Purchased Quantity

    $
    $
    $
    $

    32.00
    29.50 (246325/8350)
    2.50
    8350
    20,875.00 Favorable

    b) Determine the material quantity variation


    Standard Quantity
    (-) Actual Quantity
    Difference
    (*) Standard Price

    $
    -$

    7600 3800*2
    8350
    -750
    32.00
    24,000.00 Unfavorable

    a) Calculate the standard applied quantity to production


    Standard Quantity:
    b) Determine the material quantity variation
    Standard Quantity
    (-) Actual Quantity
    Difference
    (*) Standard Price

    $
    -$

    3330
    4070
    -740
    20.00
    14,800.00 Desfavorables

    c) Calculate the price variation for materials


    Standard Price
    (-) Actual Price
    Difference
    (*) Purchased Quantity

    $
    $
    -$
    -$

    20.00
    22.00
    2.00
    4070
    8,140.00 Desfavorables

    3700*.900

    3330 Kilograms

    a) Total DL Variation

    b) DL Variation Rate
    Standard Rate
    Actual Rate
    Difference
    Actual Worked Hours
    Variation

    $
    $
    $
    $

    c) DL Efficiency Variation
    Applied Hours
    Actual Hours
    Difference
    Standard Rate
    $
    Variation
    $

    18,110.00 Favorable

    10.40
    10.30 124630/12100
    0.10
    12100
    1,210.00 Favorable

    13725 1.5*9150
    12100
    1625
    10.40
    16,900.00 Favorable

    a) DL Variation Rate
    Standard Rate
    Actual Rate
    Difference
    Actual Worked Hours
    Variation

    -$

    14.30
    14.80
    0.50
    4700
    2,350.00 Desfavorable

    b) DL Efficiency Variation
    Applied Hours
    Actual Hours
    Difference
    Standard Rate
    $
    Variation
    $

    5000 (48*6250)/60
    4700
    300
    14.30
    4,290.00 Favorable

    c) Total DL Variation

    $
    $
    -$

    1,940.00

    Convert mins in hours

    Favorable

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