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

StandardActual Actual Standard Standard Actual qty. Actual qty. qty.

quantity price quantity price @ actual price @ std. price @ std. price

Price VarianceQuantity Variance

2a.COTTONWOOD HOSPITAL

Labor Rate and Efficiency Variances

Standard hours allowed:

Smears Blood tests Total standard hours allowed

StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate

Rate VarianceEfficiency VarianceSpending Variance

3.COTTONWOOD HOSPITAL

Variable Overhead Rate and Efficiency Variances

StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate

Rate VarianceEfficiency Variance

Spending Variance

Given Data P10-10:

COTTONWOOD HOSPITAL

Number of blood tests 900 Number of smears 2,700 Number of plates purchased 16,000 Cost of plates $ 38,400 Quantity discount allowed 4%Unused plates at month end 2,000 Labor hours 1,800 Cost of labor hours $ 18,450 Variable overhead costs $ 11,700

Nationwide averages: Number of plates per test 3 Cost per plate $ 2.50 Time for smear (hours) 0.30 Time for blood test (hours) 0.60 Average cost of lab time per hour $ 12.00 Variable overhead rate per hour $ 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

StandardActual Actual Standard Actual hours Actual hours hourshours rate rate @ actual rate @ std. rate @ std. rate

Rate VarianceEfficiency VarianceSpending Variance

6. Variable overhead rate and efficiency variance for August:

StandardActual Actual Standard Actual hours Actual hours hourshours rate rate @ actual rate @ std. rate @ std. rate

Spending VarianceEfficiency VarianceTotal Variance

7. Standard cost card for one kit:

Standard Standard StandardQty. or hours Price or Rate Cost

Direct material (yards)Direct labor (hours)Variable manufacturing overhead (hours)Total standard cost

Given Data P10-14:

VITALITE, INC.

Standard Variable Costs:Standard Qty Standard Price

or hours or RateDirect materials ? $ 6 /yardDirect labor ? ?Variable manufacturing overhead ? $ 2 /hourTotal standard cost per kit

Kits manufactured and sold 500

Materials DirectUsed Labor

Total standard cost ? $ 8,000 Actual costs incurred $ 10,000 ?Materials price variance ?Materials quantity variance $ 600 U Labor rate variance ?Labor efficiency variance ?Variable overhead rate varianceVariable overhead efficiency variance

Additional information for August:Actual direct labor-hours 900 Difference between standard and actual cost per kit produced in August $ 0.14 U

VITALITE, INC.

StandardCost$???

$ 42

Variable Mfg.Overhead

$ 1,600 $ 1,620

??

Student Name:Class:

Problem 10-15

1.HELIX COMPANY

Materials Price and Quantity Variance

StandardActual Actual Standard Standard Actual quantity Actual quantity quantity

quantity price quantity price @ actual price @ std. price @ std. price

Price VarianceQuantity VarianceSpending Variance

2.HELIX COMPANY

Labor Rate and Efficiency Variances

StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate

Rate VarianceEfficiency VarianceSpending Variance

3.HELIX COMPANY

Variable Manufacturing Overhead Rate and Efficiency Variances

StandardActual Actual Standard Standard Actual hours Actual hours hourshours rate hours rate @ actual rate @ std. rate @ std. rate

Rate VarianceEfficiency VarianceSpending Variance

Given Data P10-15:

HELIX COMPANY

Direct labor-hours per month 780 Robes produced 1,950

Standard costs: Per UnitTotal of Product

Direct materials $ 35,490 $ 18.20 Direct labor $ 7,020 3.60 Variable manufacturing overhead $ 2,340 1.20

$ 23.00

April production:Direct labor-hours worked 760 Robes produced 2,000

Actual costs during April: Per UnitTotal of Product

Direct materials $ 36,000 $ 18.00 Direct labor $ 7,600 3.80 Variable manufacturing overhead $ 3,800 1.90

$ 23.70

Yards of material used in April 6,000 Standard material requirement per Robe 2.8 yards

Student Name:Class:

Problem 10A-12

1.DRESSER COMPANYStandard Cost Card

Standard StandardQuantity Price Standardor Hours or Rate Cost

Direct material (pounds)Direct labor (hours)Variable manufacturing overhead (hours)Fixed manufacturing overhead (hours)Standard cost per unit

2.DRESSER COMPANY

Materials and Labor Variances

Materials variancesMaterials quantity variance: Standard price Actual quantity Standard quantity Materials quantity variance

Materials price variance: Actual quantity Actual price Standard price Materials price variance

Labor variancesLabor 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

Actual Actual Standard Standard Actual hours Actual hourshours rate hours rate @ actual rate @ std. rate

Rate VarianceEfficiency VarianceSpending Variance

DRESSER COMPANYVariable Manufacturing Overhead Variances

Standardhours

@ std. rate

Given Data P10A-12:

DRESSER COMPANY

Budget for current year: Denominator activity (direct labor-hours) 9,000 Variable manufacturing overhead cost $ 34,200 Fixed manufacturing overhead cost $ 63,000

Standard cost card: Standard StandardQuantity Priceor Hours or Rate

Direct material (pounds) 4.0 $ 2.60 Direct labor (hours) 2.0 $ 9.00 Mfg. overhead, percentage of direct labor cost 120%Standard cost per unit

Units produced during year 4,800

Incurred costs: Quantity Priceor Hours or Rate

Materials purchased (pounds) 30,000 $ 2.50 Materials used in production (pounds) 20,000 Direct labor cost incurred (hours) 10,000 $ 8.60 Variable manufacturing overhead cost incurredFixed manufacturing overhead cost incurred

DRESSER COMPANY

StandardCost

$ 10.40 per pound 18.00 per DLH 21.60 $ 50.00

Cost $ 75,000

$ 86,000 $ 35,900 $ 64,800

Student Name:Class:

Problem 10B-3

1a.TOPLINE SURF BOARDS

Materials Price and Quantity Variances for October

Actual Actual Standard Actual quantity Actual quantityquantity price price @ actual price @ std. price

Materials price varianceMaterials quantity variance

2a.

Actual direct labor hours worked during the period: Standard rate Standard hours Actual direct labor hours worked

TOPLINE SURF BOARDSDirect Labor Rate and Efficiency Variances for October

Actual Actual Standard Standard Actual hourshours rate hours rate @ actual rate

Rate VarianceEfficiency VarianceTotal Variance

3a.TOPLINE SURF BOARDS

Variable Overhead Rate and Efficiency Variances

Actual Actual Standard Standard Actual hourshours rate hours rate @ actual rate

Rate VarianceEfficiency VarianceTotal Variance

TOPLINE SURF BOARDSMaterials Price and Quantity Variances for October

Standardquantity

@ std. price

per hour

hours

TOPLINE SURF BOARDSDirect Labor Rate and Efficiency Variances for October

StandardActual hours hours@ std. rate @ std. rate

TOPLINE SURF BOARDSVariable Overhead Rate and Efficiency Variances

StandardActual hours hours@ std. rate @ std. rate

Given Data P10B-3:

TOPLINE SURF BOARDS

Standard Quantity Standard Priceor Hours or Rate

Standard cost of one unit: Direct materials 6 ft @ $ 1.00 Direct labor 1 hr @ $ 4.50 Variable manufacturing overhead 1 hr @ $ 3.00 Total standard variable cost per unit

Units produced last year 6,000

Selected production data:Material purchased 60,000 ft @ $ 0.95 Materials used in production 38,000 ft Direct labor ? hr @ ? Variable manufacturing overhead costVariable manufacturing overhead efficiency variance

TOPLINE SURF BOARDS

Standard Price Standardor Rate Cost

per ft. $ 6.00 per hour 4.50 per hour 3.00

$ 13.50

per ft. $ 57,000

$ 27,950 $ 20,475 $ 1,500 U