for Deepak Baid Only!!

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Pr. Ex. 23-1A

Practice Exercise 23-1A Name:
Section:
Enter the appropriate amount in the shaded cells below.
All amounts should be entered as positive values unless the cell comment indicates otherwise.
A red asterisk (*) will appear to the right of an incorrect answer in the outlined cells.
Direct Materials
a. Price variance:
Actual price per pound
Standard price per pound
Variance (per pound) x
Craig Pence: Enter quantity.		 = price variance
b. Quantity variance:
Actual quantity used (pounds)
Standard quantity used (pounds)
Variance (pounds)
cpence: Enter a negative amount.		 x
Craig Pence: Enter price.		 =
Craig Pence: Enter a negative amount.		 quantity variance
c. Total direct materials cost variance
Craig Pence: Remember that the total cost variance is equal to the sum of the price and quantity variances.		 total cost variance
Alternative calculation of direct materials total cost variance:
Actual total materials cost
Standard total materials cost
Total direct materials cost variance

Pr. Ex. 23-2A

Practice Exercise 23-2A Name:
Section:
Enter the appropriate amount in the shaded cells below.
All amounts should be entered as positive values unless the cell comment indicates otherwise.
A red asterisk (*) will appear to the right of an incorrect answer in the outlined cells.
Direct Labor
a. Rate variance:
Actual rate per hour
Standard rate per hour
Variance (rate per hour) x
Craig Pence: Enter hours.		 = rate variance
b. Time variance:
Actual time (hours)
Standard time (hours)
Variance (hours) x = time variance
c. Total direct labor cost variance total cost variance
Alternative calculation of total direct labor cost variance:
Actual total direct labor cost
Standard total direct labor cost
Total direct labor cost variance
Craig Pence: Enter a negative amount.
cpence: Enter a negative amount.
Craig Pence: Enter a negative amount.
Craig Pence: Enter rate.
Craig Pence: Enter a negative amount.
Craig Pence: Enter a negative amount. Remember that the total cost variance is equal to the sum of the rate and time variances.
cpence: Enter a negative amount.

Pr. Ex. 23-3A

Practice Exercise 23-3A Name:
Section:
Enter the appropriate amount in the shaded cells below.
A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells.
Controllable variance:
Actual variable factory overhead
Standard variable factory overhead at actual production:
Standard hours at actual production
Variable factory overhead rate (per hour) x
Standard variable factory overhead
Controllable variance -
Highland Community College: Enter as a negative value.

Ex. 23-2

Exercise 23-2 Name:
Section:
Enter the appropriate amount in the shaded cells below.
A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells.
Standard Cost per Dining Room Table
Manufacturing costs:
Direct labor cost per unit
Direct materials cost per unit
Variable factory overhead cost per unit
Fixed factory overhead cost per unit
Total cost per unit

Ex. 23-21

Exercise 23-21 Name:
Section:
Enter the appropriate amount or item in the shaded cells.
An asterisk (*) will appear beside an incorrect entry in the outlined cells.
JOURNAL
Date Description Debit Credit
June 30
cpence: Enter the account with the larger of the two debit amounts on this line.

cpence: Enter the account with the smaller of the two credit amounts on this line.
Direct Labor Time Variance
Direct Labor Rate Variance
Wages Payable
Work in Process