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Question: INSTRUCTIONS: Showing all work in the spaces provided, compute each variance and indicate whether…
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INSTRUCTIONS: Showing all work in the spaces provided, compute each
variance and indicate whether the final variance amount is
favorable or unfavorable. Don’t forget to mark “F” or “U” in the
right hand column.
Standard Costs
Direct materials 500 kilograms at $25 per kilogram
Direct labor 4,000 direct labor hours at $19 an hour
Actual Costs
Direct materials 490 kilograms at $24.75 per kilogram
Direct labor 4,200 direct labor hours at $19.20 an hour
F
VARIANCE: Answers or WHY F or U? As in What may have caused it?
U?
F
1. Direct materials quantity
variance  
U
SP         
AQ         
SP         SQ
F
2. Direct materials price
variance  
U
AP         
AQ         
SP         AQ
F
3. Direct labor time
variance  
U
SR         
AH         
SR         SH
                         
F
4. Direct labor rate
variance  
U
AR         
AH         
SR         AH
                       

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