Student Name: Class: Problem 10-10 1.

COTTONWOOD HOSPITAL Materials Price and Quantity Variance Standard quantity of plates allowed: Blood tests Smears Total Plates per test Standard quantity allowed Standard qty. @ std. price

Actual quantity

Actual price

Standard quantity

Standard price

Actual qty. @ actual price

Actual qty. @ std. price

Price Variance Quantity Variance

2a. COTTONWOOD HOSPITAL Labor Rate and Efficiency Variances Standard hours allowed: Smears Blood tests Total standard hours allowed Standard hours @ std. rate

Actual hours

Actual rate

Standard hours

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Rate Variance Efficiency Variance Spending Variance

3. COTTONWOOD HOSPITAL Variable Overhead Rate and Efficiency Variances Standard hours @ std. rate

Actual hours

Actual rate

Standard hours

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Rate Variance Efficiency Variance Spending Variance

Given Data P10-10: COTTONWOOD HOSPITAL Number of blood tests Number of smears Number of plates purchased Cost of plates Quantity discount allowed Unused plates at month end Labor hours Cost of labor hours Variable overhead costs Nationwide averages: Number of plates per test Cost per plate Time for smear (hours) Time for blood test (hours) Average cost of lab time per hour Variable overhead rate per hour 900 2,700 16,000 38,400 4% 2,000 1,800 18,450 11,700

$ $

$ $

3 2.50 0.30 0.60 12.00 6.00

Student Name: Class: Problem 10-14 VITALITE, INC. Computations 1. Standard cost for August production: Total standard cost Direct labor Variable manufacturing overhead Total standard cost of materials used 2. Standard cost of a single kit Number of kits produced Standard materials cost of a single kit

Standard materials cost per yard Yards of material required per kit 3. Materials price variance for August: Actual cost of materials used Standard cost of materials used Spending variance

Materials price variance Materials quantity variance Spending variance 4. Standard direct labor rate per hour: Standard variable manufacturing overhead cost for August Standard variable manufacturing overhead rate per direct labor-hour Standard direct labor-hours for August

Total standard labor cost for August Total standard direct labor-hours for August Standard direct labor rate per hour

5. Direct labor rate and efficiency variance for August: Actual cost per kit produced Number of kits produced Total actual cost of production Less: Actual cost of materials Actual cost of manufacturing variable overhead Actual cost of direct labor

Actual hours

Actual rate

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Standard hours @ std. rate

Rate Variance Efficiency Variance Spending Variance

6. Variable overhead rate and efficiency variance for August: Standard hours @ std. rate

Actual hours

Actual rate

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Spending Variance Efficiency Variance Total Variance

7. Standard cost card for one kit: Standard Standard Qty. or hours Price or Rate Direct material (yards) Direct labor (hours) Variable manufacturing overhead (hours) Total standard cost Standard Cost

Given Data P10-14: VITALITE, INC. Standard Variable Costs: Standard Qty or hours ? ? ? Standard Price or Rate $ 6 /yard ? $ 2 /hour Standard Cost $? ? ? $ 42

Direct materials Direct labor Variable manufacturing overhead Total standard cost per kit Kits manufactured and sold

500 Materials Used ? $ 10,000 ? $ 600 U Direct Labor $ 8,000 ? Variable Mfg. Overhead $ 1,600 $ 1,620

Total standard cost Actual costs incurred Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance Additional information for August: Actual direct labor-hours Difference between standard and actual cost per kit produced in August

? ? ? ?

900 $ 0.14 U

Student Name: Class: Problem 10-15 1. HELIX COMPANY Materials Price and Quantity Variance Standard quantity @ std. price

Actual quantity

Actual price

Standard quantity

Standard price

Actual quantity Actual quantity @ actual price @ std. price

Price Variance Quantity Variance Spending Variance

2. HELIX COMPANY Labor Rate and Efficiency Variances Standard hours @ std. rate

Actual hours

Actual rate

Standard hours

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Rate Variance Efficiency Variance Spending Variance

3. HELIX COMPANY Variable Manufacturing Overhead Rate and Efficiency Variances Standard hours @ std. rate

Actual hours

Actual rate

Standard hours

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Rate Variance Efficiency Variance Spending Variance

Given Data P10-15: HELIX COMPANY Direct labor-hours per month Robes produced Standard costs: Direct materials Direct labor Variable manufacturing overhead $ $ $ Total 35,490 7,020 2,340 780 1,950 Per Unit of Product $ 18.20 3.60 1.20 $ 23.00

April production: Direct labor-hours worked Robes produced Actual costs during April: Direct materials Direct labor Variable manufacturing overhead $ $ $

760 2,000 Per Unit of Product $ 18.00 3.80 1.90 $ 23.70

Total 36,000 7,600 3,800

Yards of material used in April Standard material requirement per Robe

6,000 2.8 yards

Student Name: Class: Problem 10A-12 1. DRESSER COMPANY Standard Cost Card Standard Quantity or Hours Direct material (pounds) Direct labor (hours) Variable manufacturing overhead (hours) Fixed manufacturing overhead (hours) Standard cost per unit Standard Price or Rate

Standard Cost

2. DRESSER COMPANY Materials and Labor Variances Materials variances Materials quantity variance: Standard price Actual quantity Standard quantity Materials quantity variance Materials price variance: Actual quantity Actual price Standard price Materials price variance Labor variances Labor efficiency variance: Standard rate Actual hours Standard hours Labor rate variance Labor rate variance: Actual hours Actual rate Standard rate Labor rate variance

3. DRESSER COMPANY Variable Manufacturing Overhead Variances Standard hours @ std. rate

Actual hours

Actual rate

Standard hours

Standard rate

Actual hours Actual hours @ actual rate @ std. rate

Rate Variance Efficiency Variance Spending Variance

Given Data P10A-12: DRESSER COMPANY Budget for current year: Denominator activity (direct labor-hours) Variable manufacturing overhead cost Fixed manufacturing overhead cost Standard cost card:

$ $

9,000 34,200 63,000 Standard Quantity or Hours 4.0 2.0 120% Standard Price or Rate $ 2.60 $ 9.00

Direct material (pounds) Direct labor (hours) Mfg. overhead, percentage of direct labor cost Standard cost per unit Units produced during year Incurred costs: Materials purchased (pounds) Materials used in production (pounds) Direct labor cost incurred (hours) Variable manufacturing overhead cost incurred Fixed manufacturing overhead cost incurred

Standard Cost $ 10.40 18.00 21.60 $ 50.00

4,800 Quantity or Hours 30,000 20,000 10,000 Price or Rate $ 2.50 $ 8.60

$ $ $ $

Cost 75,000 86,000 35,900 64,800

per pound per DLH

Student Name: Class: Problem 10B-3 1a. TOPLINE SURF BOARDS Materials Price and Quantity Variances for October Standard quantity @ std. price

Actual quantity

Actual price

Standard price

Actual quantity Actual quantity @ actual price @ std. price

Materials price variance Materials quantity variance

2a. Actual direct labor hours worked during the period: Standard rate Standard hours Actual direct labor hours worked

per hour hours

TOPLINE SURF BOARDS Direct Labor Rate and Efficiency Variances for October

Actual hours

Actual rate

Standard hours

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Rate Variance Efficiency Variance Total Variance

3a. TOPLINE SURF BOARDS Variable Overhead Rate and Efficiency Variances

Actual hours

Actual rate

Standard hours

Standard rate

Actual hours @ actual rate

Actual hours @ std. rate

Rate Variance Efficiency Variance Total Variance

r Standard hours @ std. rate

Standard hours @ std. rate

Given Data P10B-3: TOPLINE SURF BOARDS

Standard Quantity or Hours Standard cost of one unit: Direct materials Direct labor Variable manufacturing overhead Total standard variable cost per unit Units produced last year Selected production data: Material purchased Materials used in production Direct labor Variable manufacturing overhead cost Variable manufacturing overhead efficiency variance 6 ft @ 1 hr @ 1 hr @ $ $ $

Standard Price or Rate 1.00 per ft. 4.50 per hour 3.00 per hour

6,000

60,000 ft @ 38,000 ft ? hr @

$ ?

0.95 per ft.

Standard Cost $ 6.00 4.50 3.00 13.50

$ $ $ $

57,000 27,950 20,475 1,500 U