Gathered Information

1 Actual Production 1000 Units

2 Actual QTY Price Total Cost
DM 19000 ₱ 1.38 ₱ 26,220.00
DL 4200 ₱ 9.15 ₱ 38,430.00
MOH

3 Standard QTY per Unit Price Standard Cost

DM (Yard) 20 ₱ 1.35 ₱ 27.00
DL (Hr) 4 ₱ 9.00 ₱ 36.00
Total 24 ₱ 10.35 ₱ 63.00

Requirements:
Direct Materials Spending Variance
Direct Materials efficiency Variance
Direct Material Purchase Price Variance
Direct Labor Rate Variance
Direct Labor Efficiency Variance

Direct Material
Q
A
A
S
Total Direct Material Variance
 Purchase price variance. This is the difference between the standard and actualcost per unit of the d

₱ 1.38 ₱ 1.35 36000 ₱ 0.03 ₱ 1,080.00

P Total MPV F/Uf MQV F/Uf

19000 A ₱ 1.38 ₱ 26,220.00
₱ 570.00 Uf
19000 S ₱ 1.35 ₱ 25,650.00
-₱ 1,350.00 F
20000 S ₱ 1.35 ₱ 27,000.00
Direct Material Variance -₱ 780.00 F
alcost per unit of the direct materials purchased, multiplied by the standard number of units expected to be use

Direct Labor
Q P Total LRV F/Uf LEV
A 4200 A ₱ 9.15 ₱ 38,430.00
₱ 630.00 Uf
A 4200 S ₱ 9.00 ₱ 37,800.00
₱ 1,800.00
S 4000 S ₱ 9.00 ₱ 36,000.00
₱ 2,430.00
ts expected to be used in the production process.

F/Uf

2,430.00 Uf
Gathered Information
1 Budgeted Cost
Expected Production and Sales (Units) 6000
Direct Materials (pounds) 72000
Direct Labor (Hours) 21000
Total Fixed Cost ₱ 1,200,000.00

2 Standard Cost QTY Price Unit Cost

DM (Pounds) 12 ₱ 10.00 ₱ 120.00
DL (Hours) 3.5 ₱ 50.00 ₱ 175.00
Total 15.5 ₱ 60.00 ₱ 295.00

3 Actual Cost
Actual Units of Production 5500
Actual Fixed Cost ₱ 1,180,000.00
QTY Price Total cost
DM (Pounds) 70400 ₱ 9.50 ₱ 668,800.00
DL (Hours) 18500 ₱ 51.50 ₱ 952,750.00
Total 88900 ₱ 61.00 ₱ 1,621,550.00

Requirements:
Direct Material Price and Efficiency Variances
Direct Labor Rate and Efficiency Variances
Direct Material
Q P Total MPV F/Uf
A 70400 A ₱ 9.50 ₱ 668,800.00
-₱ 35,200.00 F
A 70400 S ₱ 10.00 ₱ 704,000.00
S 66000 S ₱ 10.00 ₱ 660,000.00
Total Direct Material Variance ₱ 8,8
 Direct Labor
MQV F/Uf Q P
A 18500 A ₱ 51.50
A 18500 S ₱ 50.00
₱ 44,000.00 Uf
S 19250 S ₱ 50.00
8,800.00 F
 Total LRV F/Uf LEV F/Uf
₱ 952,750.00
₱ 27,750.00 Uf
₱ 925,000.00
-₱ 37,500.00 F
₱ 962,500.00
-₱ 9,750.00 Uf
Gathered Information
1 Actual Cost
Actual Production 9500
QTY Price Total
DM (Pounds) 45000 ₱ 7.70 ₱ 346,500.00
DL 20900 ₱ 16.25 ₱ 339,625.00
Total 65900 ₱ 23.95 ₱ 686,125.00

2 Standard Cost
QTY Price Total
DM (Pounds) 4.2 ₱ 8.80 ₱ 36.96
DL 2.6 ₱ 14.00 ₱ 36.40
Total 6.8 ₱ 22.80 ₱ 73.36

Requirements:
Direct Material Variances
Direct Labor Variances
Direct Material
Q
A
A
S
Total Direct Material Variance
 P Total MPV F/Uf MQV F/Uf
45000 A ₱ 7.70 ₱ 346,500.00
-₱ 49,500.00 F
45000 S ₱ 8.80 ₱ 396,000.00
₱ 44,880.00 Uf
39900 S ₱ 8.80 ₱ 351,120.00
ct Material Variance -₱ 4,620.00
 Direct Labor
Q P Total LRV F/Uf
A 20900 A ₱ 16.25 ₱ 339,625.00
₱ 47,025.00 Uf
A 20900 S ₱ 14.00 ₱ 292,600.00
S 24700 S ₱ 14.00 ₱ 345,800.00
F -₱
 LEV F/Uf

-₱ 53,200.00 F

6,175.00 F
Gathered Information
1 Standard Cost QTY Price SC
Based on DLH VOH 5 ₱ 12.00 ₱ 60.00
FOH 5 ₱ 18.00 ₱ 90.00

Normal Capacity (DLH) 300000

2 Actual Cost

QTY Price Total

VOH ₱ 3,510,000.00
FOH ₱ 5,625,000.00
Total 275000

Actual Production 56000

3 Budgeted Production 60000

Requirement
FOH Variance
Factory Overhead

Total Direct Material Variance

Factory Overhead
Q P Total MPV F/Uf MQV F/Uf
A A ₱ -
₱ - F
A S ₱ -
₱ - Uf
S S ₱ -
Total Direct Material Variance ₱ - F