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A B 15 12 Materials quantity variance input 16 13 Actual quantity of materials used 17 14 18 15 19 16 Labor rate variance input 20 17 Actual cost of labor per hour 21 18 Standard cost of labor per hour 22 19 23 20 Labor efficiency variance input 24 21 Actual quantity of hours incurred 25 22 Standard quantity of hours for actual output 26 23 27 24 28 25 Answer Section: 29 26 30 27 31 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 2 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Standard quantity of mat. used for actual output 36 Total labor variance 37 38 Total materials and labor variances 39 40 DIRVAR FORMULA1 FORMULA2 FORMULA4 FORMULA5 FORMULA6 FORMULA7 39,500 38,000 === $8.05 $8.00 44,000 45,600 FORMULA3 SELECT ONE Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE

A B 15 12 Materials quantity variance input 16 13 Actual quantity of materials used 17 14 18 15 19 16 Labor rate variance input 20 17 Actual cost of labor per hour 21 18 Standard cost of labor per hour 22 19 23 20 Labor efficiency variance input 24 21 Actual quantity of hours incurred 25 22 Standard quantity of hours for actual output 26 23 27 24 28 25 Answer Section: 29 26 30 27 31 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 2 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Standard quantity of mat. used for actual output 36 Total labor variance 37 38 Total materials and labor variances 39 40 DIRVAR FORMULA1 FORMULA2 FORMULA4 FORMULA5 FORMULA6 FORMULA7 39,500 38,000 === $8.05 $8.00 44,000 45,600 FORMULA3 SELECT ONE Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please use letters and numbers seen in pictures for formulas. Need help with formulas
15 16 HT 5678o 18 17 14 15 19 16 Labor rate variance input HNN A B 12 Materials quantity variance input 13 Actual quantity of materials used 20 17 COOHN3 Standard quantity of mat. used for actual output 21 18 22 19 23 20 Labor efficiency variance input 21 Actual quantity of hours incurred 24 25 22 Standard quantity of hours for actual output 26 23 27 24 28 29 30 31 32 33 34 35 36 37 38 39 40 37 Actual cost of labor per hour Standard cost of labor per hour 25 Answer Section: 26 27 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 36 Total labor variance 41 42 39 43 40 44 45 38 Total materials and labor variances DIRVAR Current FORMULA1 FORMULA2 FORMULA4 FORMULA5 D FORMULA3 FORMULA6 FORMULA7 39,500 38,000 $8.05 $8.00 44,000 45,600 Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE
Transcribed Image Text:15 16 HT 5678o 18 17 14 15 19 16 Labor rate variance input HNN A B 12 Materials quantity variance input 13 Actual quantity of materials used 20 17 COOHN3 Standard quantity of mat. used for actual output 21 18 22 19 23 20 Labor efficiency variance input 21 Actual quantity of hours incurred 24 25 22 Standard quantity of hours for actual output 26 23 27 24 28 29 30 31 32 33 34 35 36 37 38 39 40 37 Actual cost of labor per hour Standard cost of labor per hour 25 Answer Section: 26 27 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 36 Total labor variance 41 42 39 43 40 44 45 38 Total materials and labor variances DIRVAR Current FORMULA1 FORMULA2 FORMULA4 FORMULA5 D FORMULA3 FORMULA6 FORMULA7 39,500 38,000 $8.05 $8.00 44,000 45,600 Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE
7 8 9 10 NN 6 Data Section: 7 8 12 9 13 10 14 11 15 16 17 14 18 15 19 16 20 17 21 18 ~~~ 22 19 сп на A 24 A 25 ~~ B B 23 20 Labor efficiency variance input 21 Actual quantity of hours incurred 22 Standard quantity of hours for actual output Materials price variance input Actual cost of material per pound (ounce, etc.) Standard cost of mat. per pound (ounce, etc.) 12 Materials quantity variance input 13 Actual quantity of materials used Standard quantity of mat. used for actual output Labor rate variance input Actual cost of labor per hour Standard cost of labor per hour 26 23 27 24 28 25 Answer Section: 29 26 30 27 31 28 Material price variance 32 29 Material quantity variance 33 30 34 35 36 77 31 Total materials variance 32 33 Labor rate variance 3.1 Labor affininunuerience DIRVAR Current ORIGINAL ن ان C FORMULA1 FORMULA2 FORMULA4 FODMLILAC D FORMULA3 $15.90 $16.00 39,500 38,000 $8.05 $8.00 44,000 45,600 E E Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE
Transcribed Image Text:7 8 9 10 NN 6 Data Section: 7 8 12 9 13 10 14 11 15 16 17 14 18 15 19 16 20 17 21 18 ~~~ 22 19 сп на A 24 A 25 ~~ B B 23 20 Labor efficiency variance input 21 Actual quantity of hours incurred 22 Standard quantity of hours for actual output Materials price variance input Actual cost of material per pound (ounce, etc.) Standard cost of mat. per pound (ounce, etc.) 12 Materials quantity variance input 13 Actual quantity of materials used Standard quantity of mat. used for actual output Labor rate variance input Actual cost of labor per hour Standard cost of labor per hour 26 23 27 24 28 25 Answer Section: 29 26 30 27 31 28 Material price variance 32 29 Material quantity variance 33 30 34 35 36 77 31 Total materials variance 32 33 Labor rate variance 3.1 Labor affininunuerience DIRVAR Current ORIGINAL ن ان C FORMULA1 FORMULA2 FORMULA4 FODMLILAC D FORMULA3 $15.90 $16.00 39,500 38,000 $8.05 $8.00 44,000 45,600 E E Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE
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