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# Managerial Accounting

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There are *THREE* jpg (image) files attached that contain the scanned questions I need help with. The question numbers are listed below...

26 A & B, 23, and 35 A, B, C

THANKS!!

#### Solution Preview

26. a.
Direct Material Price Variance = (Actual Price - Standard Price) X Actual Quantity
Actual Price =105,500/200,000 = \$ 0.53
Standard Price =\$0.5
Actual Quantity =200,000 pounds
Price Variance = (0.53-0.5) 200,000 = 5,500 U

Direct Material Quantity Variance = (Actual Quantity-Standard Quantity) X Standard Price
Actual Quantity =200,000
Standard Quantity = 97,810 X 2= 195,620 pounds
Standard Price =\$0.5
Quantity Variance =(200,000-195,620) 0.5=\$2,190U

b.
Labor Rate Variance = (Actual rate - Standard rate) X Actual time
Actual Rate = 905,000/99,200 = \$ 9.12
Standard rate= 9.00
Actual Hours= 99,200
Labor Rate variance =(9.12-9) 99,200=\$ 12,200U

Labor Efficiency Variance= (Actual Hours - ...

#### Solution Summary

The solution explains
26 - Seuss Company - material and labor variance
23 - Beatrice Inc - using multiple cost drivers to allocate cost to Job CLK430
35 - Wafers Inc - Joint cost allocation and product profitability in relation to purified wafers and chips

\$2.19