ws6 A4

12.1_alhambka_problem.xlsx

I was needing help with an accounting problem

PA09-01

Variance

Direct Direct
Materials Materials

Jack Terry: Select the correct answer from the drop-down list.

$ –

Try again!

$ – U
Try again!

Variance

Direct Direct

Labor Labor

> Variance < > Variance <

$ – F

Try again!

$ – U
Try again!

Rate & Efficiency Variances

Variable Variable
Overhead Overhead

AH x SR Cost

Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified.
Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified.

Variable Variable

Overhead Overhead

Rate Efficiency
> Variance < > Variance <

$ – U
Jack Terry: Select the correct answer from the drop-down list. $ – F

Try again! Try again!

Variable Overhead <

$ – Underapplied U

Try again!

Student Name:

Class:

Problem 09-01

BARLEY HOPP, INC.

Requirement 1:

Direct

Materials

AP x AQ

AQ x SP

SQ x SP

Price

Quantity

> Variance <

> Variance <

$ –

F

U

Try again!

> Total Direct Materials Spending Variance <

Requirement 2: Direct Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper

Labor

AH x AR

AH x SR

SH x SR

Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified.

Rate

Efficiency

U Jack Terry: Select the correct answer from the drop-down list.

> Total Direct Labor Spending Variance <

Requirement 3:

Variable

Overhead

Actual

Applied

Cost

Jack Terry: Select the correct answer from the drop-down list.

Total Variance

> Over/

Underapplied

Given PA09-01

BARLEY HOPP, INC.

cost information:

Standard Standard Standard
Quantity

1.5

0

Given Data PA09-01:
									Standard
		Price (rate)			Unit Cost
		Direct costs:
Clay (pounds)		1.5	$ 1.60	$ 2.40
		Direct labor (hours)	$ 12.00	$ 18.00
Variable manufacturing overhead	$ 1.20	$ 1.80
	Fixed manufacturing overhead	$	2.5
Actual results from last year:
		Number of units produced and sold	110,000
Number of pounds of clay used	178,200
Cost of clay	$ 267,300
		Number of labor hours worked	150,000
		Direct labor cost	$ 2,025
		Variable overhead cost	$ 200,000
		Fixed overhead cost	$ 270,000

PA09-05

Student Name:
Class:

AQ x SP SQ x SP

Direct Direct
Materials Materials
Price Quantity
> Variance < > Variance <

$ – U
Jack Terry: Select the correct answer from the drop-down list. $ – U

Try again! Try again!
> Total Direct Materials Spending Variance < $ - U Try again!

AH x AR AH x SR SH x SR

Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified. Direct Direct
Labor Labor
Rate Efficiency
> Variance < > Variance < $ -

$ – U
Try again! Try again!
> Total Direct Labor Spending Variance <

$ – F

Try again!

Actual Applied
Variable Variable
Overhead Overhead
Cost AH x SR Cost

Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified.

Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified.
Jack Terry: Select the correct answer from the drop-down list. Variable

Variable

Overhead Correct! Overhead Correct!

Rate Efficiency
> Variance < > Variance <

F
Jack Terry: Select the correct answer from the drop-down list.

U

Correct! Correct!

Total Variance

$ 2,000 Underapplied U
Correct!

Problem 09-05
	BULLSEYE COMPANY
Requirement 1: Direct Materials Variance
	AQ x AP
	Requirement 2: Direct Labor Variances
	F Jack Terry: Select the correct answer from the drop-down list.
Requirement 3: Variable Overhead Rate & Efficiency Variances
	$ 72,000	$ 74,000	$ 70,000
					Correct!
	$ 2,000	$ 4,000
> Over/Underapplied Variable Overhead <

Given PA09-05

BULLSEYE COMPANY

Standard Standard Standard
Quantity Price (rate) Unit Cost
Direct costs:

2.5

Direct labor (hours)

$ 14.00

1.0

$ 0.50

Number of units produced and sold

Number of labor hours worked

Direct labor cost

Variable overhead cost $ 72,000
Fixed overhead cost

Given Data PA09-05:
	Standard cost information:
Cork board (square feet)	$ 2.00		$ 5.00
	1.0		$ 14.00
	Variable manufacturing overhead (hours)		$ 0.50
Fixed Manufacturing overhead	$ 0.25
Actual results for September:
140,000
Number of square feet of corkboard used	360,000
Cost of corkboard used	$ 756,000
148,000
$ 1,938,800
$ 50,000

PA09-09

Student Name:
Class:

AQ x AP AQ x SP SQ x SP
Direct Direct
Materials Materials
Price Quantity
> Variance < > Variance < $ - U Jack Terry: Select the correct answer from the drop-down list. $ - U Try again! Try again! > Total Direct Materials Spending Variance < $ - U Try again! Requirement 2: Direct Labor Variances AH x AR AH x SR SH x SR

Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified.
Jack Terry: Enter the correct formulas in the yellow cells. Your answers will be verified. Direct Direct

Labor Labor
Rate Efficiency
> Variance < > Variance < $ - U Jack Terry: Select the correct answer from the drop-down list. $ - F Try again! Try again! > Total Direct Labor Spending Variance < $ - U Try again!

Problem 09-09
	RIP TIDE COMPANY
Requirement 1: Direct Materials Variances

Given PA09-09

RIP TIDE COMPANY

Standard cost information:
Standard Standard Standard
Quantity Price (rate) Unit Cost
Direct costs:

$ 5.00

Direct labor (hours)

Variable manufacturing overhead (hours) 10.0

Fixed manufacturing overhead

Number of units produced and sold

Number of labor hours worked

Direct labor cost

Variable overhead cost

Fixed overhead cost

Given Data PA09-09:
Fiberglass (square feet)	15.0	$ 75.00
	10.0	$ 15.00	$ 150.00
$ 6.00	$ 60.00
$ 80.00
Actual results for June:
312
Number of square feet of fiberglass used	4,920
Cost of fiberglass used	$ 27,552
3,060
$ 47,736
$ 14,790
$ 20,500