Project Total Variance Nathaniel Office 2500 18100 U Donaven Office 25850 F Zyion Office Quantity Total Variance 3200 32900 U 76850 F 4150 Actual Costs 222,400 281,350 300,000 Prepare a variance report for the purchasing department Standard Quantity Costs 2700 3500 4000 240,500 255,500 332,900

Project Total Variance Nathaniel Office 2500 18100 U Donaven Office 25850 F Zyion Office Quantity Total Variance 3200 32900 U 76850 F 4150 Actual Costs 222,400 281,350 300,000 Prepare a variance report for the purchasing department Standard Quantity Costs 2700 3500 4000 240,500 255,500 332,900

Name: Figure out what the total, price, and quantity variances are from the
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Description: Figure out what the total, price, and quantity variances are from the given information.Please help me. Thankyou. ProjectTotalVarianceNathaniel Office 250018100UDonaven Office25850 FZyion OfficeQuantityTotal Variance320032900 U76850 F4150ActualCosts2

Accounting Information Systems

11th Edition

ISBN:9781337552127

Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Chapter15: Integrated Production Processes (ipps)

Section: Chapter Questions

Problem 4P

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Compute the sales variances (total, price and volume) from the following figures: Budgete Budgeted Price per Unit Actua Produ Actual Priceper unit (') ct d quantit quantit y y P 400 25 480 30 300 50 280 45 R 200 75 240 70 100 10 800 105
Format: 11,111 U or 11,111 F 1. Sales price variance 2. Cost price variance 3. Quantity variance 4. Sales mix variance
docs.google.com forms/d/e/1FA1PQLSE-rQkh8FZPGnapek0906DigYuMW7PNoioLMsrvBay Question - 2: Short Answers The direct and indirect variances. For Example : 700000 u or 700000 f or 700000 only ?What is the price variance of direct materials -1 Wangsgard Manufacturing has the following standard cost sheet for one of its products: $ 10 Direct materials (2 ft. @ $5) Direct labor (0.5 hr. @ $10) Fixed overhead (0.5 hr. @ $2)' Variable overhead (0.5 hr. @ $4) Standard unit cost 1 $18 *Rate based on expected activity of 2,500 hours During the most recent year, the following actual results were recorded: Production 6,000 units $ 61,100 29,580 Direct materials (11,750 ft. purchased and used) Direct labor (2,900 hrs.) Fixed overhead Variable overhead 6,000 10,500 Refer to the data given in point (1). What is the efficiency variance of direct -2 ?labor AR
HW ch 9 Saved The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in Its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 60 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per Cost per per Month Course Student Instructor wages Classroom supplies Utilities $ 2,930 $ 290 $1,210 $ 4,900 $ 2,400 $ 3,600 ces 85 Campus rent Insurance Administrative expenses 45 For example, administrative expenses should be $3,600 per month plus $45 per course plus $7 per student The company's sales should average $870 per student The company planned to run four courses with a total of 60 students however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below: Actual 2 49,300 $ 11,000 $…
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Compute for the following: Sales price variance Cost price variance Quantity variance Format: 11,111 F or 11,111 U
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Compute the following: Total gross profit variance Sales mix variance Final sales volume variance Format: 11,111 F or 11,111 U
--/1 Question 25 View Policies Current Attempt in Progress If a company purchases raw materials on account for $18830 when the standard cost is $15900, it will O debit Materials Quantity Variance for $2930. O debit Materials Price Variance for $2930. O credit Material Quantity Variance for $2930. O credit Materials Price Variance for $2930. Chp ins f12 f11 f10 f9 f8 17 f6 f5 & %3D 00 TO 96
Management Accounting Question (Qualitative Short Answer) a. Why is the sales forecast the starting point in budgeting? b. What is a perpetual budget? c. Which is a better basis for evaluating actual results: budgeted performance or past performance? Why? d. The materials price variance can be computed at what two different points in time? Which point is better and why? e. What effect, if any, would you expect purchasing poor-quality materials to have on direct labor variances? f. Distinguish between ideal and practical standards. g. Costs associated with the quality of conformance can be broken down into four broad groups. What are these four groups and how do they differ? h. What is likely the most effective way to reduce a company's total quality costs? i. What are the three main uses of quality cost reports?