Standard Cost Card

Inputs Identifiable Name

Direct Materials 1 (DM1) Material 1

Direct Materials 2 (DM2)
Direct Labor 1 (DL1) Labor 1
Direct Labor 2 (DL2)
Variable MOH
Total Standard Unit Cost
Direct Materials 1 (DM1)
Direct Materials 2 (DM2)
Direct Labor 1 (DL1)
Direct Labor 2 (DL2)
Variable MOH
Total Standard Unit Cost

Item Quantity (Planned Output) (PO)

Actual Cost Card

Inputs

Direct Materials (Purchased) 1 (DMP1) Material 1

Direct Materials (Purchased) 2 (DMP2)
Direct Materials (Used) 1 (DMU1)
Durect Materials (Used) 2 (DMU2)
Direct Labor Actual 1 (DLA1) Producing Product 1
Direct Labor Actual 2 (DLA2)
Variable MOH Actual MOH Product 1
Item Quantity (Actual Output) (AO1) Product 1
Item Quantity (Actual Output) (AO2)

Materials Variance
Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
Standard Price 1 (SP1) Prices for DM1
Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
Actual Price 1 (AP1) Price for DMP1
Actual Quantity Used 1 (AQU1) Quantities for DMU1

Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)

Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+

Standard Price 2 (SP2) Prices for DM2
Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
Actual Price 2 (AP2) Price for DMP2
Actual Quantity Used 2 (AQU2) Quantities for DMU2

Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)

Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

Total Material Price Variance (TMPV) MPV1+MPV2

Total Material Quantity Variance (TMPQV) MQV1+MQV2

Direct Labor Variance

Standard Hours (SH)
Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)

Labor Spending Varianve

Standard Hours (SH)

Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)
Labor Spending Varianve

Total Labor Rate Variance (TLRV)

Total Labor Efficiency Variance (TLEV)

Variable MOH Variance

Standard Hours (SH) Level of Activity
Standard Rate (SR) Predetermined Overhead Rate
Actual Hours (AH) Level of Activity
Actual Rate (AR) Predetermined Overhead Rate

Variable Overhead Rate Variance (VORV)

Variable Overhead Efficiency Variance (VOEV)

Spending Variance

Materials Price Variance (MPV)

Materials Quantity Variance (MQV)
Labor Rate Variance (LRV)
Labor Efficiency Variance (LEV)
Variable Overhead Rate Variance (VORV)
Variable Overhead Efficiency Variance (VOEV)

Excess of Actual over Standard

Portion due to Inefficiency:
Labor Efficiency Variace
Variable OH Efficiency Variance
Total:
Portion due to other variances
andard Cost Card
Standard
A Measurement B Measurement AxB
Quantity or Hours Unit Price or Rate Unit Cost

1.80 feet $ 1.00 per foot $ 1.80

$ -
0.90 hours $ 15.00 per hour $ 13.50
$ -
0.90 hours $ 6.00 per hour $ 5.40
$ 20.70
$ -
$ -
$ -
$ -
$ -
$ -

units hours of work

Actual Cost Card

Total Actual Qty
Quantity or Hours Unit per unit Price or Rate Unit
17,500.00 feet 1.75 $ 1.40 per foot

feet

9,500.00 labor-hour 0.95 $ 14.60 per labor-hour

9,500.00 labor-hour 0.95 $ 5.60

10,000.00 units

18,000.00
$ 1.00
17,500.00 Material 1
$ 1.40

$ 7,000.00 U $ 0.70
$ (500.00) F $ (0.05)

-
$ -
-
$ -

$ -
$ -

$ 7,000.00 U
$ (500.00) U

9,000.00
$ 15.00
9,500.00 Process 1
$ 14.60

$ (3,800.00) F $ (0.38)
$ 7,500.00 U $ 0.75

$ 3,700.00 U

-
$ -
-
$ -

$ -
$ -
$ -

$ (3,800.00) U
$ 7,500.00 F

9,000.00
$ 6.00
9,500.00
$ 5.60

$ (3,800.00) F $ (0.38)
$ 3,000.00 U $ 0.30

$ (800.00) U

$ 7,000.00 U
$ (500.00) U
$ (3,800.00) U
$ 7,500.00 F
$ (3,800.00) F
$ 3,000.00 U
$ 9,400.00 U

$ (0.94) U

$ 0.75 U
$ 0.30 U
$ 1.05 U
$ 0.11 F
Total

PRODUCT 1

Total
Price

Direct Labor Cost (Planning) $ -

Direct Labor Cost (Flexible) $ 135,000.00

Raw Material Cost (Planning) $ -

Raw Material Cost (Flexible) $ 24,500.00

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

17,500.00 x $ 1.40 17,500.00 x $ 1.00
=$ 24,500.00 = $ 17,500.00 =
Raw Material Cost (Flexible)
(AQ Used x SP)
x $ 1.00
= Not being used
 Materials Price Variance (MPV) Materials Quantity Varian
= $ 7,000.00 U = $ (500.0

Spending Variance
= $ 6,500.00 U

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

- x $ - - x $ -
= $ - = $ - =
Raw Material Cost (Flexible)
(AQ Used x SP)
x $ -
= Not being used

Materials Price Variance (MPV) Materials Quantity Varian

= $ - = $

Spending Variance
= $ -

(AH x AR) (AH x SR) (SH x

9,500.00 x $ 14.60 9,500.00 x $ 15.00
= $ 138,700.00 = $ 142,500.00 =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= $ (3,800.00) F = $ 7,500.0

Spending Variance
= $ 3,700.00 U

(AH x AR) (AH x SR) (SH x

- x $ - - x $ -
= $ - = $ - =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= $ - = $
 Spending Variance
= $ -

(AH x AR) (AH x SR) (SH x

9,500.00 x $ 5.60 9,500.00 x $ 6.00
=$ 53,200.00 = $ 57,000.00 =
Variable MOH Cost (Planning) Variable MOH
Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
= $ (3,800.00) F = $ 3,000.0

Spending Variance
= $ (800.00) U
 (SQ x SP)
18,000.00 x $ 1.00
$ 18,000.00
Materials Quantity Variance (MQV)
$ (500.00) F

(SQ x SP)
- x $ -
$ -

Materials Quantity Variance (MQV)

$ - U

(SH x SR)
9,000.00 x $ 15.00
$ 135,000.00
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ 7,500.00 U

(SH x SR)
- x $ -
$ -
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ -
 (SH x SR)
9,000.00 x $ 6.00
$ 54,000.00
Variable MOH Cost (Flexible)
able Overhead Efficiency Variance (VOEV)
$ 3,000.00 U

U
 Standard Cost Card
Standard
A Measurement
Inputs
Quantity or Hours Unit

Direct Materials 3.00 pounds

Direct Labor 0.80 hours
Variable MOH 0.40 machine-hours
Total Standard Unit Cost

Actual Cost Card

Total
Inputs
Quantity or Hours Unit
Direct Materials (Purchased) 60,000.00 pounds
Direct Materials (Used) 49,200.00 pounds
Direct Labor 11,800.00 hours
Variable MOH 5,900.00 machine-hours

Item Quantity 15,000.00 pools

M
Standard Quantity (SQ) 45,000.00
Standard Price (SP) $ 5.00
Actual Quantity (AQ) (Purchased) 60,000.00
Actual Price (AP) $ 4.95
Actual Quantity (AQ) (Used) $ 49,200.00

Materials Price Variance (MPV) $ (3,000.00) F

Materials Quantity Variance (MQV) $ 21,000.00 U

Dir
Standard Hours (SH) 12,000.00
Standard Rate (SR) $ 16.00
Actual Hours (AH) 11,800.00
Actual Rate (AR) $ 17.00
Labor Rate Variance (LRV) $ 11,800.00 U
Labor Efficiency Variance (LEV) $ (3,200.00) F

Vari
Standard Hours (SH) Level of Activity 6,000.00
Standard Rate (SR) Predetermined Overhead Rate $ 3.00
Actual Hours (AH) Level of Activity 5,900.00
Actual Rate (AR) Predetermined Overhead Rate $ 3.10

Variable Overhead Rate Variance (VORV) $ 590.00 U

Variable Overhead Efficiency Variance (VOEV) $ (300.00) F

Materials Price Variance (MPV) $ (3,000.00) F

Materials Quantity Variance (MQV) $ 21,000.00 U
Labor Rate Variance (LRV) $ 11,800.00 U
Labor Efficiency Variance (LEV) $ (3,200.00) F
Variable Overhead Rate Variance (VORV) $ 590.00 U
Variable Overhead Efficiency Variance (VOEV) $ (300.00) F
$ 26,890.00 U
ard
Standard
B Measurement AxB
Price or Rate Unit Cost

$ 5.00 per pound $ 15.00

$ 16.00 per hour $ 12.80
$ 3.00 per hour $ 1.20
$ 29.00

d
Total
Price or Rate Unit Price
$ 4.95 per pound

$ 17.00 per hour

$ 3.10 $ 18,290.00

Materials Variance
(AQ x AP) (AQ Purchased x SP)
60,000.00 x $ 4.95 60,000.00
=$ 297,000.00 = $ 300,000.00

(AQ Used x SP)

49,200.00
= $ 246,000.00

Materials Price Variance (MPV)

= $ (3,000.00) F

Spending Variance
= $ 18,000.00

Direct Labor Variance

(AH x AR) (AH x SR)
11,800.00 x $ 17.00 11,800.00
=$ 200,600.00 = $ 188,800.00

Labor Rate Variance (LRV)

 = $ 11,800.00 U

Spending Variance
= $ 8,600.00

Variable MOH Variance

(AH x AR) (AH x SR)
5,900.00 x $ 3.10 5,900.00
= $ 18,290.00 = $ 17,700.00

Variable Overhead Rate Variance (VORV)

= $ 590.00 U

Spending Variance
= $ 290.00
AQ Purchased x SP) (SQ x SP)
x $ 5.00 45,000.00 x $ 5.00
300,000.00 = $ 225,000.00

(AQ Used x SP)

x $ 5.00
246,000.00

Materials Quantity Variance (MQV)

= $ 21,000.00 U

nding Variance
F

(AH x SR) (SH x SR)

x $ 16.00 12,000.00 x $ 16.00
188,800.00 = $ 192,000.00

Labor Efficiency Variance (LEV)

 = $ (3,200.00) F

nding Variance
F

(AH x SR) (SH x SR)

x $ 3.00 6,000.00 x $ 3.00
17,700.00 =$ 18,000.00

Variable Overhead Efficiency Variance (VOEV)

= $ (300.00) F

nding Variance
F
 Standard Cost Card
Standard
A Measurement
Inputs
Quantity or Hours Unit

Direct Materials 5.00 pounds

Direct Labor 3.00 hours
Variable MOH 3.00 labor-hours
Total Standard Unit Cost

Actual Cost Card

Total
Inputs
Quantity or Hours Unit
Direct Materials (Purchased) 178,000.00 pounds
Direct Materials (Used) 154,000.00 pounds
Direct Labor 63,000.00 hours
Variable MOH 63,000.00 labor-hour
Item Quantity (Planned) 21,000.00 units
Item Quantity (Actual Output) 26,600.00 units

Standard Quantity (SQ) 133,000.00

Standard Price (SP) $ 11.00
Actual Quantity (AQ) (Purchased) 178,000.00
Actual Price (AP) $ 9.50
Actual Quantity (AQ) (Used) $ 154,000.00

Materials Price Variance (MPV) $ (267,000.00) F

Materials Quantity Variance (MQV) $ 231,000.00 U

Standard Hours (SH) 79,800.00

Standard Rate (SR) $ 12.00
Actual Hours (AH) 63,000.00
Actual Rate (AR) $ 13.00
Labor Rate Variance (LRV) $ 63,000.00 U
Labor Efficiency Variance (LEV) $ (201,600.00) F

Labor Spending Varianve $ (138,600.00) F

Standard Hours (SH) Level of Activity 79,800.00

Standard Rate (SR) Predetermined Overhead Rate $ 7.00
Actual Hours (AH) Level of Activity 63,000.00
Actual Rate (AR) Predetermined Overhead Rate $ 8.11

Variable Overhead Rate Variance (VORV) $ 69,930.00 U

Variable Overhead Efficiency Variance (VOEV) $ (117,600.00) F

Materials Price Variance (MPV) $ (267,000.00) F

Materials Quantity Variance (MQV) $ 231,000.00 U
Labor Rate Variance (LRV) $ 63,000.00 U
Labor Efficiency Variance (LEV) $ (201,600.00) F
Variable Overhead Rate Variance (VORV) $ 69,930.00 U
Variable Overhead Efficiency Variance (VOEV) $ (117,600.00) F
$ (222,270.00) U
ard
Standard
B Measurement AxB
Price or Rate Unit Cost

$ 11.00 per pound $ 55.00

$ 12.00 per hour $ 36.00
$ 7.00 per hour $ 21.00
$ 112.00

d
Total
Price or Rate Unit Price
$ 9.50 per pound

$ 13.00 per hour Direct Labor Cost (Planning) $ 756,000.00

$ 8.11 $ 510,930.00 Direct Labor Cost (Flexible) $ 957,600.00
Raw Material Cost (Planning) $ 1,155,000.00
Raw Material Cost (Flexible) $ 1,691,000.00

Materials Variance
(AQ x AP) (AQ Purchased
178,000.00 x $ 9.50
= $ 1,691,000.00 =
Raw Material Cost (Flexible)
(AQ Used x S

Materials Price Variance (MPV)

= $ (267,000.00)

Spending Variance
= $ (36,000.00)

Direct Labor Variance

(AH x AR) (AH x SR)
63,000.00 x $ 13.00
= $ 819,000.00 =
Direct Labor Cost (P
Labor Rate Variance (LRV)
 = $ 63,000.00

Spending Variance
= $ (138,600.00)

Variable MOH Variance

(AH x AR) (AH x SR)
63,000.00 x $ 8.11
= $ 510,930.00 =
Variable MOH Cost (
Variable Overhead Rate Variance (VORV)
= $ 69,930.00

Spending Variance
= $ (47,670.00)
 $ 756,000.00
$ 957,600.00
$ 1,155,000.00
$ 1,691,000.00

(AQ Purchased x SP) (SQ x SP)

178,000.00 x $ 11.00 133,000.00 x $ 11.00
$ 1,958,000.00 = $ 1,463,000.00

(AQ Used x SP)

154,000.00 x $ 11.00
$ 1,694,000.00

nce (MPV) Materials Quantity Variance (MQV)

F = $ 231,000.00 U

Spending Variance
(36,000.00) U

(AH x SR) (SH x SR)

63,000.00 x $ 12.00 79,800.00 x $ 12.00
$ 756,000.00 =$ 957,600.00
Direct Labor Cost (Planning) Direct Labor Cost (Flexible)
ce (LRV) Labor Efficiency Variance (LEV)
 U = $ (201,600.00) F

Spending Variance
(138,600.00) U

(AH x SR) (SH x SR)

63,000.00 x $ 7.00 79,800.00 x $ 7.00
$ 441,000.00 =$ 558,600.00
Variable MOH Cost (Planning) Variable MOH Cost (Flexible)
ariance (VORV) Variable Overhead Efficiency Variance (VOEV)
U = $ (117,600.00) F

Spending Variance
(47,670.00) U
 Standard Cost Card
Standard
A Measurement
Inputs
Quantity or Hours Unit

Direct Materials 2.00 yards

Direct Labor 0.50 hours
Variable MOH 0.50 labor-hours
Total Standard Unit Cost

Item Quantity (Planned) 2,020.00 units

Actual Cost Card

Total
Inputs
Quantity or Hours Unit
Direct Materials (Purchased) 8,100.00 yards
Direct Materials (Used) pounds
Direct Labor 1,080.00 hours
Variable MOH 1,080.00 labor-hour
Item Quantity (Actual Output) 2,700.00 units

Materials Variance
Standard Quantity (SQ) 5,400.00
Standard Price (SP) $ 9.00
Actual Quantity (AQ) (Purchased) 8,100.00
Actual Price (AP) $ 5.80
Actual Quantity (AQ) (Used)

Materials Price Variance (MPV) $ (25,920.00) F

Materials Quantity Variance (MQV) $ 24,300.00 U

Direct Labor Variance

Standard Hours (SH) 1,350.00
Standard Rate (SR) $ 7.00
Actual Hours (AH) 1,080.00
Actual Rate (AR) $ 9.25
Labor Rate Variance (LRV) $ 2,430.00 U
Labor Efficiency Variance (LEV) $ (1,890.00) F

Labor Spending Varianve $ 540.00 F

Variable MOH Variance

Standard Hours (SH) Level of Activity 1,350.00
Standard Rate (SR) Predetermined Overhead Rate $ 3.00
Actual Hours (AH) Level of Activity 1,080.00
Actual Rate (AR) Predetermined Overhead Rate $ 4.25

Variable Overhead Rate Variance (VORV) $ 1,350.00 U

Variable Overhead Efficiency Variance (VOEV) $ (810.00) F

Materials Price Variance (MPV) $ (25,920.00) F

Materials Quantity Variance (MQV) $ 24,300.00 U
Labor Rate Variance (LRV) $ 2,430.00 U
Labor Efficiency Variance (LEV) $ (1,890.00) F
Variable Overhead Rate Variance (VORV) $ 1,350.00 U
Variable Overhead Efficiency Variance (VOEV) $ (810.00) F
$ (540.00) U
ard
Standard
B Measurement AxB
Price or Rate Unit Cost Total

$ 9.00 per unit $ 18.00 $ 36,360.00

$ 7.00 per hour $ 3.50 $ 7,070.00
$ 3.00 per set of cover $ 1.50 $ 3,030.00
$ 23.00

1,010.00 hours of work

d
Total
Price or Rate Unit Price
$ 5.80 per set of cover $ 46,980.00
Direct Labor Cost (Planning)
$ 9.25 per hour $ 9,990.00 Direct Labor Cost (Flexible)
$ 4.25 $ 4,590.00 Raw Material Cost (Planning)
1,080.00 hours of work Raw Material Cost (Flexible)

(AQ x AP)
8,100.00 x
= $ 46,980.00
Raw Material Cost (Flexible)

Materials Price Variance (MPV)

=

Spen
=

(AH x AR)
1,080.00 x
= $ 9,990.00
 Labor Rate Variance (LRV)
=

Spen
=

(AH x AR)
1,080.00 x
= $ 4,590.00

Variable Overhead Rate Variance (VO

=

Spen
=
 ost (Planning) $ 7,070.00
ost (Flexible) $ 9,450.00
Cost (Planning) $ 36,360.00
Cost (Flexible) $ 46,980.00

Q x AP) (AQ Purchased x SP) (SQ x SP)

$ 5.80 8,100.00 x $ 9.00 5,400.00 x $ 9.00
46,980.00 = $ 72,900.00 = $ 48,600.00
l Cost (Flexible)
(AQ Used x SP)
x $ 9.00
= #VALUE!

terials Price Variance (MPV) Materials Quantity Variance (MQV)

$ (25,920.00) F = $ 24,300.00 U

Spending Variance
$ (1,620.00) U

x AR) (AH x SR) (SH x SR)

$ 9.25 1,080.00 x $ 7.00 1,350.00 x $ 7.00
9,990.00 =$ 7,560.00 = $ 9,450.00
Direct Labor Cost (Planning) Direct Labor Cost (Flexible)
Labor Rate Variance (LRV) Labor Efficiency Variance (LEV)
$ 2,430.00 U = $ (1,890.00) F

Spending Variance
$ 540.00 F

x AR) (AH x SR) (SH x SR)

$ 4.25 1,080.00 x $ 3.00 1,350.00 x $ 3.00
4,590.00 =$ 3,240.00 = $ 4,050.00
Variable MOH Cost (Planning) Variable MOH Cost (Flexible)
Overhead Rate Variance (VORV) Variable Overhead Efficiency Variance (VOEV)
$ 1,350.00 U = $ (810.00) F

Spending Variance
$ 540.00 F
 Standard Cost Card

Inputs Identifiable Name

Direct Materials 1 (DM1) X442

Direct Materials 2 (DM2) Y661
Direct Labor 1 (DL1) Sintering
Direct Labor 2 (DL2) Finishing
Variable MOH
Total Standard Unit Cost
Direct Materials 1 (DM1) X442
Direct Materials 2 (DM2) Y661
Direct Labor 1 (DL1) Sintering
Direct Labor 2 (DL2) Finishing
Variable MOH
Total Standard Unit Cost

Item Quantity (Planned Output) (PO)

Actual Cost Card

Inputs

Direct Materials (Purchased) 1 (DMP1) X442

Direct Materials (Purchased) 2 (DMP2) Y661
Direct Materials (Used) 1 (DMU1) X442
Durect Materials (Used) 2 (DMU2) Y661
Direct Labor Actual 1 (DLA1) Sintering
Direct Labor Actual 2 (DLA2) Finishing
Variable MOH Actual
Item Quantity (Actual Output) (AO1) Units produced of Alpha6
Item Quantity (Actual Output) (AO2) Units Produced of Zeta7

Materials Variance
Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
Standard Price 1 (SP1) Prices for DM1
Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
Actual Price 1 (AP1) Price for DMP1
Actual Quantity Used 1 (AQU1) Quantities for DMU1

Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)

Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+

Standard Price 2 (SP2) Prices for DM2
Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
Actual Price 2 (AP2) Price for DMP2
Actual Quantity Used 2 (AQU2) Quantities for DMU2

Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)

Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

Total Material Price Variance (TMPV) MPV1+MPV2

Total Material Quantity Variance (TMPQV) MQV1+MQV2

Direct Labor Variance

Standard Hours (SH)
Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)

Labor Spending Varianve

Standard Hours (SH)

Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)
Labor Spending Varianve

Total Labor Rate Variance (TLRV)

Total Labor Efficiency Variance (TLEV)

Variable MOH Variance

Standard Hours (SH) Level of Activity
Standard Rate (SR) Predetermined Overhead Rate
Actual Hours (AH) Level of Activity
Actual Rate (AR) Predetermined Overhead Rate

Variable Overhead Rate Variance (VORV)

Variable Overhead Efficiency Variance (VOEV)

Materials Price Variance (MPV)

Materials Quantity Variance (MQV)
Labor Rate Variance (LRV)
Labor Efficiency Variance (LEV)
Variable Overhead Rate Variance (VORV)
Variable Overhead Efficiency Variance (VOEV)
andard Cost Card
Standard
A Measurement B Measurement AxB
Quantity or Hours Unit Price or Rate Unit Cost

2.00 kilos $ 4.30 per kilo $ 8.60

1.50 liters $ 1.60 per liter $ 2.40
0.10 hours $ 22.00 per hour $ 2.20
0.80 hours $ 21.00 per hour $ 16.80
$ -
$ 30.00
3.00 kilos $ 4.30 per kilo $ 12.90
2.50 liters $ 1.60 per liter $ 4.00
0.45 hours $ 22.00 per hour $ 9.90
0.90 hours $ 21.00 per hour $ 18.90
$ -
$ 45.70

units hours of work

Actual Cost Card

Total Total
Quantity or Hours Unit Price or Rate Unit Price
14,800.00 kilos $ 4.50 per kilo $ 66,600.00
15,800.00 liters $ 1.50 per liter $ 23,700.00
9,300.00 kilos
13,800.00 liters
1,220.00 labor-hours $ 23.00 per labor-hour $ 28,060.00
2,930.00 labor-hours $ 23.00 per labor-hour $ 67,390.00
#DIV/0!
2,300.00 units hours of work
1,600.00 units

9,400.00
$ 4.30
14,800.00 X442
$ 4.50
$ 9,300.00

$ 2,960.00 U
$ (430.00) F

7,450.00
$ 1.60
15,800.00 Y661
$ 1.50
$ 13,800.00

$ (1,580.00) F
$ 10,160.00 U

$ 1,380.00 U
$ 9,730.00 U

950.00
$ 22.00
1,220.00 Sintering
$ 23.00

$ 1,220.00 U
$ 5,940.00 U

$ 7,160.00 F

3,280.00
$ 21.00
2,930.00 Finishing
$ 23.00

$ 5,860.00 U
$ (7,350.00) F
$ (1,490.00) F

$ 7,080.00 U
$ (1,410.00) F

-
$ -
-
#DIV/0!

#DIV/0!
$ -

$ 1,380.00 U
$ 9,730.00 U
$ 7,080.00 U
$ (1,410.00) F
$ -
$ -
$ 16,780.00 U
Total

Alpha6

Zeta 7

Direct Labor Cost (Planning) $ -

Direct Labor Cost (Flexible) $ 5,060.00

Raw Material Cost (Planning) $ -

Raw Material Cost (Flexible) $ 66,600.00

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

14,800.00 x $ 4.50 14,800.00 x $ 4.30
=$ 66,600.00 = $ 63,640.00 =
Raw Material Cost (Flexible)
(AQ Used x SP)
9,300.00 x $ 4.30
= $ 39,990.00
 Materials Price Variance (MPV) Materials Quantity Varian
= $ 2,960.00 U = $ (430.0

Spending Variance
= $ 2,530.00 F

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

15,800.00 x $ 1.50 15,800.00 x $ 1.60
=$ 23,700.00 = $ 25,280.00 =
Raw Material Cost (Flexible)
(AQ Used x SP)
13,800.00 x $ 1.60
= $ 22,080.00

Materials Price Variance (MPV) Materials Quantity Varian

= $ (1,580.00) F = $ 10,160.0

Spending Variance
= $ 8,580.00 F

(AH x AR) (AH x SR) (SH x

1,220.00 x $ 23.00 1,220.00 x $ 22.00
=$ 28,060.00 = $ 26,840.00 =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= $ 1,220.00 U = $ 5,940.0

Spending Variance
= $ 7,160.00 F

(AH x AR) (AH x SR) (SH x

2,930.00 x $ 23.00 2,930.00 x $ 21.00
=$ 67,390.00 = $ 61,530.00 =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= $ 5,860.00 U = $ (7,350.0
 Spending Variance
= $ (1,490.00) U

(AH x AR) (AH x SR) (SH x

- x #DIV/0! - x $ -
= #DIV/0! = $ - =
Variable MOH Cost (Planning) Variable MOH
Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
= #DIV/0! #DIV/0! = $

Spending Variance
= #DIV/0! #DIV/0!
 (SQ x SP)
9,400.00 x $ 4.30
$ 40,420.00
Materials Quantity Variance (MQV)
$ (430.00) F

(SQ x SP)
7,450.00 x $ 1.60
$ 11,920.00

Materials Quantity Variance (MQV)

$ 10,160.00 U

(SH x SR)
950.00 x $ 22.00
$ 20,900.00
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ 5,940.00 U

(SH x SR)
3,280.00 x $ 21.00
$ 68,880.00
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ (7,350.00) F
 U

(SH x SR)
- x $ -
$ -
Variable MOH Cost (Flexible)
able Overhead Efficiency Variance (VOEV)
$ -

#DIV/0!
 Standard Cost Card

Inputs Identifiable Name

Direct Materials 1 (DM1) Material 1

Direct Materials 2 (DM2)
Direct Labor 1 (DL1)
Direct Labor 2 (DL2)
Variable MOH
Total Standard Unit Cost
Direct Materials 1 (DM1)
Direct Materials 2 (DM2)
Direct Labor 1 (DL1)
Direct Labor 2 (DL2)
Variable MOH
Total Standard Unit Cost

Item Quantity (Planned Output) (PO)

Actual Cost Card

Inputs

Direct Materials (Purchased) 1 (DMP1) Material 1

Direct Materials (Purchased) 2 (DMP2)
Direct Materials (Used) 1 (DMU1)
Durect Materials (Used) 2 (DMU2)
Direct Labor Actual 1 (DLA1) Producing Product 1
Direct Labor Actual 2 (DLA2)
Variable MOH Actual
Item Quantity (Actual Output) (AO1) Product 1
Item Quantity (Actual Output) (AO2)

Materials Variance
Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
Standard Price 1 (SP1) Prices for DM1
Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
Actual Price 1 (AP1) Price for DMP1
Actual Quantity Used 1 (AQU1) Quantities for DMU1

Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)

Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+

Standard Price 2 (SP2) Prices for DM2
Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
Actual Price 2 (AP2) Price for DMP2
Actual Quantity Used 2 (AQU2) Quantities for DMU2

Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)

Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

Total Material Price Variance (TMPV) MPV1+MPV2

Total Material Quantity Variance (TMPQV) MQV1+MQV2

Direct Labor Variance

Standard Hours (SH)
Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)

Labor Spending Varianve

Standard Hours (SH)

Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)
Labor Spending Varianve

Total Labor Rate Variance (TLRV)

Total Labor Efficiency Variance (TLEV)

Variable MOH Variance

Standard Hours (SH) Level of Activity
Standard Rate (SR) Predetermined Overhead Rate
Actual Hours (AH) Level of Activity
Actual Rate (AR) Predetermined Overhead Rate

Variable Overhead Rate Variance (VORV)

Variable Overhead Efficiency Variance (VOEV)

Materials Price Variance (MPV)

Materials Quantity Variance (MQV)
Labor Rate Variance (LRV)
Labor Efficiency Variance (LEV)
Variable Overhead Rate Variance (VORV)
Variable Overhead Efficiency Variance (VOEV)
andard Cost Card
Standard
A Measurement B Measurement AxB
Quantity or Hours Unit Price or Rate Unit Cost

3.00 feet $ 5.00 per foot $ 15.00

$ -
1.50 $ 7.00 $ 10.50
$ -
$ -
$ 25.50
$ -
$ -
$ -
$ -
$ -
$ -

units hours of work

Actual Cost Card

Total Total
Quantity or Hours Unit Price or Rate Unit Price
10,500.00 feet $ 5.30 per foot $ 55,650.00
#DIV/0!
10,500.00 feet

4,900.00 labor-hour $ 7.50 per labor-hour $ 36,750.00

#DIV/0!
#DIV/0!
3,200.00 units

9,600.00
$ 5.00
10,500.00 Material 1
$ 5.30
$ 10,500.00

$ 3,150.00 U
$ 4,500.00 U

-
$ -
-
#DIV/0!

#DIV/0! #DIV/0!
$ -

#DIV/0! U
$ 4,500.00 U

4,800.00
$ 7.00
4,900.00 Process 1
$ 7.50

$ 2,450.00 U
$ 700.00 U

$ 3,150.00 F

-
$ -
-
#DIV/0!

#DIV/0! #DIV/0!
$ -
 #DIV/0! F

#DIV/0! U
$ 700.00 F

-
$ -
-
#DIV/0!

#DIV/0!
$ -

#DIV/0! U
$ 4,500.00 U
#DIV/0! U
$ 700.00 F
$ -
$ -
#DIV/0! #DIV/0!
Total

PRODUCT 1

Direct Labor Cost (Planning) $ -

Direct Labor Cost (Flexible) $ 33,600.00

Raw Material Cost (Planning) $ -

Raw Material Cost (Flexible) $ 55,650.00

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

10,500.00 x $ 5.30 10,500.00 x $ 5.00
=$ 55,650.00 = $ 52,500.00 =
Raw Material Cost (Flexible)
(AQ Used x SP)
10,500.00 x $ 5.00
= $ 52,500.00
 Materials Price Variance (MPV) Materials Quantity Varian
= $ 3,150.00 U = $ 4,500.0

Spending Variance
= $ 7,650.00 U

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

- x #DIV/0! - x $ -
= #DIV/0! = $ - =
Raw Material Cost (Flexible)
(AQ Used x SP)
x $ -
= Not being used

Materials Price Variance (MPV) Materials Quantity Varian

= #DIV/0! #DIV/0! = $

Spending Variance
= #DIV/0! #DIV/0!

(AH x AR) (AH x SR) (SH x

4,900.00 x $ 7.50 4,900.00 x $ 7.00
=$ 36,750.00 = $ 34,300.00 =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= $ 2,450.00 U = $ 700.0

Spending Variance
= $ 3,150.00 F

(AH x AR) (AH x SR) (SH x

- x #DIV/0! - x $ -
= #DIV/0! = $ - =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= #DIV/0! #DIV/0! = $
 Spending Variance
= #DIV/0! #DIV/0!

(AH x AR) (AH x SR) (SH x

- x #DIV/0! - x $ -
= #DIV/0! = $ - =
Variable MOH Cost (Planning) Variable MOH
Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
= #DIV/0! #DIV/0! = $

Spending Variance
= #DIV/0! #DIV/0!
 (SQ x SP)
9,600.00 x $ 5.00
$ 48,000.00
Materials Quantity Variance (MQV)
$ 4,500.00 U

(SQ x SP)
- x $ -
$ -

Materials Quantity Variance (MQV)

$ - U

#DIV/0!

(SH x SR)
4,800.00 x $ 7.00
$ 33,600.00
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ 700.00 U

(SH x SR)
- x $ -
$ -
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ -
 #DIV/0!

(SH x SR)
- x $ -
$ -
Variable MOH Cost (Flexible)
able Overhead Efficiency Variance (VOEV)
$ -

#DIV/0!
 Standard Cost Card

Inputs Identifiable Name

Direct Materials 1 (DM1) Material 1

Direct Materials 2 (DM2)
Direct Labor 1 (DL1) Labor 1
Direct Labor 2 (DL2)
Variable MOH
Total Standard Unit Cost
Direct Materials 1 (DM1)
Direct Materials 2 (DM2)
Direct Labor 1 (DL1)
Direct Labor 2 (DL2)
Variable MOH
Total Standard Unit Cost

Item Quantity (Planned Output) (PO)

Actual Cost Card

Inputs

Direct Materials (Purchased) 1 (DMP1) Material 1

Direct Materials (Purchased) 2 (DMP2)
Direct Materials (Used) 1 (DMU1)
Durect Materials (Used) 2 (DMU2)
Direct Labor Actual 1 (DLA1) Producing Product 1
Direct Labor Actual 2 (DLA2)
Variable MOH Actual MOH Product 1
Item Quantity (Actual Output) (AO1) Product 1
Item Quantity (Actual Output) (AO2)

Materials Variance
Standard Quantity 1 (SQ1) Quantities for (Alpha6_DM1*AO1)+
Standard Price 1 (SP1) Prices for DM1
Actual Quantity Purchased 1 (AQP1) Quantities for DMP1
Actual Price 1 (AP1) Price for DMP1
Actual Quantity Used 1 (AQU1) Quantities for DMU1

Materials Price Variance 1 (MPV1) AQP1*(AP1-SP1)

Materials Quantity Variance 1 (MQV1) Purchased SP1*(AQ(Purchased|Used)1-SQ1)

Standard Quantity 2 (SQ2) Quantities for (Alpha6_DM2*AO1)+

Standard Price 2 (SP2) Prices for DM2
Actual Quantity Purchased 2 (AQP2) Quantities for DMP2
Actual Price 2 (AP2) Price for DMP2
Actual Quantity Used 2 (AQU2) Quantities for DMU2

Materials Price Variance 2 (MPV2) AQP2*(AP2-SP2)

Materials Quantity Variance 2 (MQV2) SP2*(AQ(Purchased|Used)2-SQ2)

Total Material Price Variance (TMPV) MPV1+MPV2

Total Material Quantity Variance (TMPQV) MQV1+MQV2

Direct Labor Variance

Standard Hours (SH)
Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)

Labor Spending Varianve

Standard Hours (SH)

Standard Rate (SR)
Actual Hours (AH)
Actual Rate (AR)

Labor Rate Variance (LRV)

Labor Efficiency Variance (LEV)
Labor Spending Varianve

Total Labor Rate Variance (TLRV)

Total Labor Efficiency Variance (TLEV)

Variable MOH Variance

Standard Hours (SH) Level of Activity
Standard Rate (SR) Predetermined Overhead Rate
Actual Hours (AH) Level of Activity
Actual Rate (AR) Predetermined Overhead Rate

Variable Overhead Rate Variance (VORV)

Variable Overhead Efficiency Variance (VOEV)

Spending Variance

Materials Price Variance (MPV)

Materials Quantity Variance (MQV)
Labor Rate Variance (LRV)
Labor Efficiency Variance (LEV)
Variable Overhead Rate Variance (VORV)
Variable Overhead Efficiency Variance (VOEV)

Excess of Actual over Standard

Portion due to Inefficiency:
Labor Efficiency Variace
Variable OH Efficiency Variance
Total:
Portion due to other variances
andard Cost Card
Standard
A Measurement B Measurement AxB
Quantity or Hours Unit Price or Rate Unit Cost

1.80 feet $ 1.00 per foot $ 1.80

$ -
0.90 hours $ 15.00 per hour $ 13.50
$ -
0.90 hours $ 6.00 per hour $ 5.40
$ 20.70
$ -
$ -
$ -
$ -
$ -
$ -

units hours of work

Actual Cost Card

Total Actual Qty
Quantity or Hours Unit per unit Price or Rate Unit
17,500.00 feet 1.75 $ 1.40 per foot

feet

9,500.00 labor-hour 0.95 $ 14.60 per labor-hour

9,500.00 labor-hour 0.95 $ 5.60

10,000.00 units

18,000.00
$ 1.00
17,500.00 Material 1
$ 1.40

$ 7,000.00 U $ 0.70
$ (500.00) F $ (0.05)

-
$ -
-
$ -

$ -
$ -

$ 7,000.00 U
$ (500.00) U

9,000.00
$ 15.00
9,500.00 Process 1
$ 14.60

$ (3,800.00) F $ (0.38)
$ 7,500.00 U $ 0.75

$ 3,700.00 U

-
$ -
-
$ -

$ -
$ -
$ -

$ (3,800.00) U
$ 7,500.00 F

9,000.00
$ 6.00
9,500.00
$ 5.60

$ (3,800.00) F $ (0.38)
$ 3,000.00 U $ 0.30

$ (800.00) U

$ 7,000.00 U
$ (500.00) U
$ (3,800.00) U
$ 7,500.00 F
$ (3,800.00) F
$ 3,000.00 U
$ 9,400.00 U

$ (0.94) U

$ 0.75 U
$ 0.30 U
$ 1.05 U
$ 0.11 F
Total

PRODUCT 1

Total
Price

Direct Labor Cost (Planning) $ -

Direct Labor Cost (Flexible) $ 135,000.00

Raw Material Cost (Planning) $ -

Raw Material Cost (Flexible) $ 24,500.00

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

17,500.00 x $ 1.40 17,500.00 x $ 1.00
=$ 24,500.00 = $ 17,500.00 =
Raw Material Cost (Flexible)
(AQ Used x SP)
x $ 1.00
= Not being used
 Materials Price Variance (MPV) Materials Quantity Varian
= $ 7,000.00 U = $ (500.0

Spending Variance
= $ 6,500.00 U

(AQ Purchased x AP) (AQ Purchased x SP) (SQ x

- x $ - - x $ -
= $ - = $ - =
Raw Material Cost (Flexible)
(AQ Used x SP)
x $ -
= Not being used

Materials Price Variance (MPV) Materials Quantity Varian

= $ - = $

Spending Variance
= $ -

(AH x AR) (AH x SR) (SH x

9,500.00 x $ 14.60 9,500.00 x $ 15.00
= $ 138,700.00 = $ 142,500.00 =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= $ (3,800.00) F = $ 7,500.0

Spending Variance
= $ 3,700.00 U

(AH x AR) (AH x SR) (SH x

- x $ - - x $ -
= $ - = $ - =
Direct Labor Cost (Planning) Direct Labor C
Labor Rate Variance (LRV) Labor Efficiency Varianc
= $ - = $
 Spending Variance
= $ -

(AH x AR) (AH x SR) (SH x

9,500.00 x $ 5.60 9,500.00 x $ 6.00
=$ 53,200.00 = $ 57,000.00 =
Variable MOH Cost (Planning) Variable MOH
Variable Overhead Rate Variance (VORV) Variable Overhead Efficiency V
= $ (3,800.00) F = $ 3,000.0

Spending Variance
= $ (800.00) U
 (SQ x SP)
18,000.00 x $ 1.00
$ 18,000.00
Materials Quantity Variance (MQV)
$ (500.00) F

(SQ x SP)
- x $ -
$ -

Materials Quantity Variance (MQV)

$ - U

(SH x SR)
9,000.00 x $ 15.00
$ 135,000.00
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ 7,500.00 U

(SH x SR)
- x $ -
$ -
Direct Labor Cost (Flexible)
Labor Efficiency Variance (LEV)
$ -
 (SH x SR)
9,000.00 x $ 6.00
$ 54,000.00
Variable MOH Cost (Flexible)
able Overhead Efficiency Variance (VOEV)
$ 3,000.00 U