Homework Problem
prettihouse
ch10.xlsP10-15
| Student Name: | ||||||
| Class: | ||||||
| Problem 10-15 | ||||||
| 1. | ||||||
| HELIX COMPANY | ||||||
| Materials Price and Quantity Variance | ||||||
| Standard | ||||||
| Actual | Actual | Standard | Standard | Actual quantity | Actual quantity | quantity |
| quantity | price | quantity | price | @ actual price | @ std. price | @ std. price |
| Price Variance | ||||||
| Quantity Variance | ||||||
| Spending Variance | ||||||
| 0 | ||||||
| 2. | ||||||
| HELIX COMPANY | ||||||
| Labor Rate and Efficiency Variances | ||||||
| Standard | ||||||
| Actual | Actual | Standard | Standard | Actual hours | Actual hours | hours |
| hours | rate | hours | rate | @ actual rate | @ std. rate | @ std. rate |
| Rate Variance | ||||||
| Efficiency Variance | ||||||
| Spending Variance | ||||||
| 0 | ||||||
| 3. | ||||||
| HELIX COMPANY | ||||||
| Variable Manufacturing Overhead Rate and Efficiency Variances | ||||||
| Standard | ||||||
| Actual | Actual | Standard | Standard | Actual hours | Actual hours | hours |
| hours | rate | hours | rate | @ actual rate | @ std. rate | @ std. rate |
| 760 | 800 | $ 9.00 | ||||
| Rate Variance | ||||||
| Efficiency Variance | ||||||
| Spending Variance | ||||||
| 0 |
Enter appropriate data in yellow cells. Your answers will be verified.
Enter appropriate data in yellow cells. Your answers will be verified.
Enter appropriate data in yellow cells. Your answers will be verified.
Given P10-15
| Given Data P10-15: | ||||
| HELIX COMPANY | ||||
| Direct labor-hours per month | 780 | |||
| Robes produced | 1,950 | |||
| Standard costs: | Per Unit | |||
| Total | of Product | |||
| Direct materials | $ 35,490 | $ 18.20 | ||
| Direct labor | $ 7,020 | 3.60 | ||
| Variable manufacturing overhead | $ 2,340 | 1.20 | ||
| $ 23.00 | ||||
| April production: | ||||
| Direct labor-hours worked | 760 | |||
| Robes produced | 2,000 | |||
| Actual costs during April: | Per Unit | |||
| Total | of Product | |||
| Direct materials | $ 36,000 | $ 18.00 | ||
| Direct labor | $ 7,600 | 3.80 | ||
| Variable manufacturing overhead | $ 3,800 | 1.90 | ||
| $ 23.70 | ||||
| Yards of material used in April | 6,000 | |||
| Standard material requirement per Robe | 2.8 | yards |
