10. Volume variance in units and in hours. Consider the following standard cost per unit based on a normal capacity of 40,000 units: 1.4 kgs. @ P20 0.2 hr. @ P80 0.2 hr. @ P100 0.2 hr. @ P50 Direct materials P28.00 Direct labor 16.00 Variable overhead 20.00 Fixed overhead 10.00 Compute the volume variance under each of the following independent actual production conditions (identify the variances are unfavorable or favorable): a. 40,000 units. b. 43,200 units. 37,800 units. d. 40,000 units and 8,000 hours. 41,400 units and 7,650 hours. 38,800 units and 9,800 hours. с. е. f.
10. Volume variance in units and in hours. Consider the following standard cost per unit based on a normal capacity of 40,000 units: 1.4 kgs. @ P20 0.2 hr. @ P80 0.2 hr. @ P100 0.2 hr. @ P50 Direct materials P28.00 Direct labor 16.00 Variable overhead 20.00 Fixed overhead 10.00 Compute the volume variance under each of the following independent actual production conditions (identify the variances are unfavorable or favorable): a. 40,000 units. b. 43,200 units. 37,800 units. d. 40,000 units and 8,000 hours. 41,400 units and 7,650 hours. 38,800 units and 9,800 hours. с. е. f.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
#10 MAS
ANSWER ALL THE GIVEN SCENARIOS
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education