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Software Associates
Solution by Venky Nagar
Exhibit 1
Profit Statement
AP x AQ SP x AQ SP x SQ
$ 32,100 F
3
$90 x (39K hrs = 76.7% x 50,850) $90 x 76% x 50,850 hrs $90 x 35,910 hrs
hr
$3,510,000 = $ 3,478,140 $ 3,231,900
$31,860 F $246,240 F
4
Exhibit 2
Actual Budgeted
Wage rate
$ 2,029,050 = $39.90 $ 1,748,250 = $37
50,850 hr 47,250 hrs hr
Variance
AP x AQ SP x AQ SP x SQ
$ 2,029,050 = $39.90 x 50,850 $37 x 50,850 $37 x 47,250 hrs
hr
$ 1,881,450 $ 1,748,250
147,600 U $ 133,200 U
$ 280,800K U
5
Exhibit 3
$877,300 OH Budgeted
$352,300 fixed
__________
Actual rate Actual VOH = 938,560 – 352,300 = $5188.14/consultant. (I assume fixed OH remains same)
113 113
Variance
AP x AQ SP x AQ SP x SQ
$21,260 U $40K U
61,260 U
6
Exhibit 4
Contract Solutions
Exhibit 4
AP x AQ SP x AQ SP x ASQ SP x SQ
$128 x 15K hrs $136.08 x 15K hrs $136.08 x (44% x 39K = 17,160 hrs) $136.08 x 15,750 hrs
102,060 U
$56 x 24K $54 x 24K $54 x (56% x 39K = 21,840) hrs $54 x 20,160
Total
$ 3,264,000 $ 3,337,200 $ 3,514,492 3,231,900
$73.2K U $177,292 U $282,592 F
$32,100 F
8
Exhibit 4
Contract Solutions
Exhibit 4
Mix consultant cost variance
AP x AQ SP x AQ SP x ASQ SP x SQ
$45 x 22,050 $45 x 22,050 $45 x (47% 50,850 = 23,899.5 hrs) $45 x 22,050 hrs
0 $83,227.5 F $83,227.5 U
$36 x 28,800 $30 x 28,800 $30 x (53% x 50,850 = 26,950.5 hrs) $30 x 25,200 hrs
Total
$ 2,029,050 $ 1,856,250 $ 1,883,962.5 $ 1,748,250
$172,800 U $27,742.5 F $135,742.5 U
$280,800 U