Chapter 14

1A 26 A 20
2A 27 D
3B 28 B
4B 29 D
5B 30 B
6A 31 A
7B 32 D 21
8B 33 D
9B 34 A
10 A 35 A
11 C 36 D
12 B 37 B 22
13 D 38 A
14 A 39 C
15 A 40 D
16 D 41 D
17 B 42 B
18 D 43 D
19 D 44 C 23
20 A 45 C
21 D 46 A
22 C 47 A
23 D
24 B
25 B 24

one variance
27

two variance
28
 29

three variance
30

31

32

four variance
33

34

37

38

41
43

44

45

46

47
Units Actual Standard Variance per unit Total variance
2000 138.5 140 -1.5 -3000
1500 139 140 -1 -1500
1500 142 140 2 3000
5000 -1500

Actual 180000
Standard 135000
Labor efficiency variance 45000 unfavorable

Actual rate 4.2

Standard price 4
Difference 0.2
Actual direct labor 72500
Labor rate variance 14500

Actual price 12.9 25 Actual rate

Standard price 12 Standard price
Difference 0.9 Difference
Quatity purchased 8600 Actual direct labor
Materials price variance 7740 unfavorable Labor rate variance

Actual quantity used 8300 26 Actual direct labor

Standard quantity 8000 Standard direct labor
Difference 300 Difference
Standard price 12 Standard price
Material quantity variance 3600 unfavorable Labor efficiency varian

Actual overhead 147000

Standard overhead 132000
Overhead variance 15000 unfavorable

Actual overhead 147000

Budgeted allowed on standard
Fixed OH 90000
Variable OH 50400 140400
Controllable variance 6600 unfavorable
Budgeted allowed on standard 140400
Standard overhead 132000
Volume variance 8400 unfavorable

Actual overhead 147000

Budgeted allowed on actual
Fixed OH 90000
Variable OH 33600 123600
Spending variance 23400 unfavorable

Budgeted allowed on actual 123600

Budgeted allowed on standard 140400
Efficiency variance -16800 favorable

Budgeted allowed on standard 140400

Standard overhead 132000
Volume variance 8400 unfavorable

Actual variable overhead 62000 35 Actual fixed OH

Budget variable overhead 33600 Budget fixed OH
Variable OH spending variance 28400 unfavorable Fixed OH spending vari

Budget variable overhead 33600 36 Budget fixed OH

Applied overhead variable 50400 Applied fixed OH
Variable OH efficiency variance -16800 favorable Volume variance

Actual price 11.5 39 Actual rate

Standard variance 10 Standard price
Difference 1.5 Difference
Quantity purchased 6900 Actual direct labor
Material price variance 10350 unfavorable Labor rate variance

Actual quantity used 6900 40 Actual direct labor

Standard quantity 7200 Standard direct labor
Difference -300 Difference
Standard price 10 Standard price
Material quantity variance -3000 favorable Labor efficiency varian

Actual overhead 42000

Standard overhead 32400
Overhead variance 9600 unfavorable

Total Overhead 172000

Budgeted units 90000
1.91
Actual units 94000
Applied factory OH 179644.44

Fixed OH 112000
Standard labor 45000
Standard fixed OH 2.49

Variable OH 60000
Standard labor 45000
Standar variable 1.33

Actual overhead 46300

Budgeted allowed on standard
Fixed OH 15000
Variable OH 33750 48750
Controllable variance -2450

Budgeted variable overhead 30000

Applied overhead variable 33750
Variable OH efficiency variance -3750 favorable
favorable

61.2
60
1.2
11600
13920 unfavorable

11600
12000
-400
60
-24000 favorable
85000
90000
-5000 favorable

90000
81600
8400 unfavorable

7.8
8
-0.2
11000
-2200 favorable

11000
10800
200
8
1600 unfavorable