1 Number of Helmets Produced $ 35,000.

00
Standard KG of Plastic per Helmet 0.60
Standard Quantity of Kilograms $ 21,000.00

2 Standard Quantity of Kilograms $ 21,000.00

Standard Cost per Kilogram 8.00
Standard Material Cost $ 168,000.00

3 Actual Cost Incurred $ 171,000.00

Total Standard Cost Allowed $ 168,000.00
Materials Spending Variance $ 3,000.00

4 Actual Quantity of Input at Actual Price $ 171,000.00

Actual Quantity of Input at Standard Price $ 180,000.00
Standard Quantity Allowed for Output at Standard Price $ 168,000.00

Materials Price Variance $ (9,000.00)

Materials Quantity Variance $ 12,000.00
Spending Variance $ 3,000.00
Unfavorable

Favorable
Unfavorable
1 Number of Meals Prepared $ 4,000.00
Standard Direct Labor-Hours per Meal 0.25
Standard Labor-Hours Allowed $ 1,000.00

2 Standard Labor-Hours Allowed $ 1,000.00

Standard Direct Labor Cost per Hour 19.75
Standard Labor Cost Allowed $ 19,750.00

3 Actual Cost Incurred $ 19,200.00

Standard Labor Cost Allowed $ 19,750.00
Labor Spending Variance $ (550.00)

4 Actual Hours of Input at Actual Rate $ 19,200.00

Actual Hours of Input at Standard Rate $ 18,960.00
Standard Hours Allowed for Output at Standard Rate $ 19,750.00

Labor Rate Variance $ 240.00

Labor Efficiency Variance $ (790.00)
Spending Variance $ (550.00)
Favorable

Unfavorable
Favorable
1 Number of Items Shipped $ 120,000.00
Standard Labor-Hours per Item 0.02
Standard Quantity of Labor-Hours Allowed $ 2,400.00

2 Standard Quantity of Labor-Hours Allowed $ 2,400.00

Standard Variable Overhead Cost per Hour 3.25
Standard Variable Overhead Cost Allowed $ 7,800.00

3 Actual Variable Overhead Cost Incurred $ 7,360.00

Standard Variable Overhead Cost Allowed $ 7,800.00
Variable Overhead Spending Variance $ (440.00)

4 Actual Hours of Input at Actual Rate $ 7,360.00

Actual Hours of Input at Standard Rate $ 7,475.00
Standard Hours Allowed for Output at Standard Rate $ 7,800.00

Variable Overhead Rate Variance $ (115.00)

Variable Overhead Efficiency Variance $ (325.00)
Spending Variance $ (440.00)
Favorable

2,300 x $3.20 Solution:

2,300 x $3.25 Actual Rate = $7,360/2,300
2,400 x 3.25 Actual Rate = $3.20 per hour

Favorable Standard Labor Hours Allowed = 120,000 items x 0.02 hours per unit
Favorable Standard Labor Hours Allowed = 2,400 hours
tems x 0.02 hours per unit
1 Number of Units Manufactured 20,000
Standard Labor Time per Unit 0.30
Standard Labor-Hours Allowed 6,000

2 Standard Labor-Hours Allowed 6,000

Standard Direct Labor Rate per Hour $ 17.00
Standard Labor Cost Allowed $ 102,000.00

3 Actual Direct Labor Cost $ 102,350.00

Standard Labor Cost Allowed $ 102,000.00
Labor Spending Variance $ 350.00

4 Actual Hours of Input at Actual Rate $ 102,350.00

Actual Hours of Input at Standard Rate $ 97,750.00
Standard Hours Allowed for Output at Standard Rate $ 102,000.00

Labor Rate Variance $ 4,600.00

Labor Efficiency Variance $ (4,250.00)
Spending Variance $ 350.00
5 Actual Hours of Input at Actual Rate $ 21,850.00
Actual Hours of Input at Standard Rate $ 23,000.00
Standard Hours Allowed for Output at Standard Rate $ 24,000.00

Variable Overhead Rate Variance $ (1,150.00)

Variable Overhead Efficiency Variance $ (1,000.00)
Spending Variance $ (2,150.00)
Unfavorable

Unfavorable
Favorable
Favorable
Favorable
1 Materials $ 16,800.00
 Direct Labor $ 21,000.00
Variable Manufacturing Overhead $ 4,200.00
Total Standard Cost $ 42,000.00
Units Produced $ 1,000.00
Standard Cost of a Single Backpack $ 42.00

2 Standard Cost of a Single Backpack $ 42.00

Difference Between Standard and Actual Cost $ 0.15
Actual Cost $ 41.85

3 Total Standard Cost of Materials $ 16,800.00

Number of Backpacks Produced $ 1,000.00
Standard Materials Cost per Backpack $ 16.80
Standard Cost per Yard $ 6.00
Yards per Backpack $ 2.80

4 Standard Cost Material $ 16,800.00

Actual Cost Material $ 15,000.00
Spending Variance $ 1,800.00
Materials Quantity Variance $ 1,200.00
Materials Price Variance $ 3,000.00

5 Standard Variable MOH Cost $ 4,200.00

Standard Variable MOH Rate per Direct Labor-Hour $ 3.00
Standard Direct Labor-Hours $ 1,400.00

Total Standard DL Cost $ 21,000.00

Standard Direct Labor-Hour $ 1,400.00
Standard Direct Labor Rate per Hour $ 15.00

6 Actual Cost per Backpack Produced $ 41.85

Number of Backpacks Produced 1,000.00
Total Actual Cost of Production $ 41,850.00
Actual Cost of Materials $ 15,000.00
Actual Cost of Variable Manufacturing Overhead $ 3,600.00
$ 18,600.00
Actual Cost of Direct Labor $ 23,250.00

Actual Hours of Input at Actual Rate $ 23,250.00

Actual Hours of Input at Standard Rate $ 22,500.00
Standard Hours Allowed for Output at Standard Rate $ 21,000.00
 Labor Rate Variance $ 750.00
Labor Efficiency Variance $ 1,500.00
Spending Variance $ 2,250.00

7 Actual Hours of Input at Actual Rate $ 3,600.00

Actual Hours of Input at Standard Rate $ 4,500.00
Standard Hours Allowed for Output at Standard Rate $ 4,200.00

Variable Overhead Rate Variance $ (900.00)

Variable Overhead Efficiency Variance $ 300.00
Spending Variance $ (600.00)

8 Standard Hours 1,400

Backpacks 1,000
Hours per Backpack 1.4

Standard Quantity or Hours

Direct Materials 2.80
Direct Labor 1.40
Variable Manufacturing Overhead 1.40
Total Standard Cost
Favorable
 Unfavorable
Unfavorable

Favorable
Unfavorable

ndard Quantity or Hours Standard Price or Rate Standard Cost

yards $ 6.00 per yard $ 16.80
hours 15.00 per hour 21.00
hours 3.00 per DL-hour 4.20
$ 42.00