Labor price variance & Total quantity variance

Related BrainMass Solutions

• Material & Labor Variances with Formula

  Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ Compute the total overhead variance $ Check the solution in the attached

• Variances in a Dress Manufacturing Operations

  This is in agreement with the sum of the total direct material variance and total direct labor cost variance: -$945 + $321 = -$624 This solution calculates the standard cost, price variance, quantity variance, total direct materials cost variance, rate

• Variance Analysis - Overhead variances, price and efficiency

  Total labor variance $ unfavorable Labor price variance $ unfavorable Labor quantity variance $ unfavorable (b) Compute the total overhead variance. Solutions a. i. Labor price variance Actual hours x (actual price ââ?

• Cost analysis variances for the Bakery

  standard quantity) Material Spending Variance = Actual Quantity*(Actual Price - standard Price) Labor Usage variance = Standard rate*(actual hours - standard hours) Labor spemding variance = Actual hours*(actual rate -

• Calculating Material and Labor Variances

  = 3000 unitsX0.7 yards 2100 yards Actual cost information: Actual price per yard = Total cost/Total Quantity = 31850/3500 Actual price per yard $9.10 Actual quantity used in production 2600 yards Direct material price variance =

• Ikon Tire Co. - Computing Variance

  Determine (a) the price variance, quantity variance, and total direct materials cost variance, (b) rate variance, time variance, and total direct labor cost variance, and (c) variable factory overhead controllable variance, fixed factory overhead volume

• Variance Analysis

  Rate Rate Variance Efficiency Variance Total Variance Journal Entries: Account Debit Credit Work in Process Labor Efficiency Variance Labor Rate Variance

• Material and Labor Price Variance Standard Costing

  Direct material quantity variance b ? Total of direct material variances $40,000 F ? Direct labor rate variance ? d Direct labor efficiency variance ? $200,000 F Total of direct labor variances ?

• Price and quantity variances

  Total labor variance $ Favorable/Unfavorable Labor price variance $ Favorable/Unfavorable Labor quantity variance $ Favorable/Unfavorable Compute the total, price, and quantity variances for materials and labor.

• Lavvy Candy Corporation

  Materials price variance. b. Materials quantity variance. c. Labor rate variance. d. Variable overhead spending variance. e. Variable overhead efficiency variance. f. Fixed overhead budget variance.