tandard cost profile expected treatments 1000 acutal month cost actual treatments 1100 resource quanity variable quanity fixed unit cost variable cost avg fixed cost avg total cost labor 0.80 0.80 16.00 12.80 12.80 25.60 supplies 7.00 0.00 1.10 7.70 0.00 7.70 20.50 12.80 33.30 resources quanity used unit cost total cost labor 1600 17 27200 supplies 7500 1 7500 34700 Calculate the following variances efficiency variance labor? efficiency variance supplies? price variance labor price variance suplies volume variances
tandard cost profile expected treatments 1000 acutal month cost actual treatments 1100 resource quanity variable quanity fixed unit cost variable cost avg fixed cost avg total cost labor 0.80 0.80 16.00 12.80 12.80 25.60 supplies 7.00 0.00 1.10 7.70 0.00 7.70 20.50 12.80 33.30 resources quanity used unit cost total cost labor 1600 17 27200 supplies 7500 1 7500 34700 Calculate the following variances efficiency variance labor? efficiency variance supplies? price variance labor price variance suplies volume variances
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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| standard cost profile expected treatments 1000 | |||||||||
| acutal month cost actual treatments 1100 | |||||||||
| resource | quanity variable | quanity fixed | unit cost | variable cost | avg fixed cost | avg total cost | |||
| labor | 0.80 | 0.80 | 16.00 | 12.80 | 12.80 | 25.60 | |||
| supplies | 7.00 | 0.00 | 1.10 | 7.70 | 0.00 | 7.70 | |||
| 20.50 | 12.80 | 33.30 | |||||||
| resources | quanity used | unit cost | total cost | ||||||
| labor | 1600 | 17 | 27200 | ||||||
| supplies | 7500 | 1 | 7500 | ||||||
| 34700 | |||||||||
| Calculate the following variances | |||||||||
| efficiency variance labor? | |||||||||
| efficiency variance supplies? | |||||||||
| price variance labor | |||||||||
| price variance suplies | |||||||||
| volume variances |
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