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  • Standard Costing COMPUTATION

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    Sherine Vizconde
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    This document contains calculations for material and labor variances. It shows an unfavorable material price variance of 10,000 due to actual price being higher than standard. It also shows an unfavorable material quantity variance of 16,000 due to actual quantity being lower than standard. For labor, it shows an unfavorable rate variance of 3,500 due to actual rate being higher than standard and a favorable efficiency variance of 1,500 due to actual hours being lower than standard.

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    This document contains calculations for material and labor variances. It shows an unfavorable material price variance of 10,000 due to actual price being higher than standard. It also shows an unfavorable material quantity variance of 16,000 due to actual quantity being lower than standard. For labor, it shows an unfavorable rate variance of 3,500 due to actual rate being higher than standard and a favorable efficiency variance of 1,500 due to actual hours being lower than standard.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    10 views1 page

    Standard Costing COMPUTATION

    Uploaded by

    Sherine Vizconde
    This document contains calculations for material and labor variances. It shows an unfavorable material price variance of 10,000 due to actual price being higher than standard. It also shows an unfavorable material quantity variance of 16,000 due to actual quantity being lower than standard. For labor, it shows an unfavorable rate variance of 3,500 due to actual rate being higher than standard and a favorable efficiency variance of 1,500 due to actual hours being lower than standard.

    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 1

    Material Price Variance

    AP x AQp
    81 10000 ₱ 810,000
    Sp ₱ 10,000 Unfavorable
    80 10000 ₱ 800,000
    Material Quantity Variance
    SP Aqu
    80 9000 ₱ 720,000
    SP SQ ₱ 16,000 Unfavorable
    80 8800 ₱ 704,000

    AR AH
    152 1750 ₱ 266,000
    SR AH ₱ 3,500 Unfavorable Labor Rate Variance
    150 1750 ₱ 262,500
    SR SH -₱ 1,500 Favorable Labor Efficiency Variance
    150 1760 ₱ 264,000

    Variable
    Actual VOH
    360000
    VOHrate x AQ
    152 1750
    VOHrate x SQ
    152 1760

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