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    Kelompok 4-SOAL STANDAR COSTING

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    Andriana Butera
    This document contains 3 problems related to calculating standard costs and variances. Problem 1 provides standard cost information for a product and asks to calculate the standard fixed overhead rate and complete the standard cost card. Problem 2 provides standard variable cost information and financial data for August, and asks to calculate materials, labor, and efficiency variances. Problem 3 similarly provides standard cost and financial data for April and asks to calculate the same variances.

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    Kelompok 4-SOAL STANDAR COSTING

    Uploaded by

    Andriana Butera
    198 views3 pages
    This document contains 3 problems related to calculating standard costs and variances. Problem 1 provides standard cost information for a product and asks to calculate the standard fixed overhead rate and complete the standard cost card. Problem 2 provides standard variable cost information and financial data for August, and asks to calculate materials, labor, and efficiency variances. Problem 3 similarly provides standard cost and financial data for April and asks to calculate the same variances.

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    This document contains 3 problems related to calculating standard costs and variances. Problem 1 provides standard cost information for a product and asks to calculate the standard fixed overhead rate and complete the standard cost card. Problem 2 provides standard variable cost information and financial data for August, and asks to calculate materials, labor, and efficiency variances. Problem 3 similarly provides standard cost and financial data for April and asks to calculate the same variances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    198 views3 pages

    Kelompok 4-SOAL STANDAR COSTING

    Uploaded by

    Andriana Butera
    This document contains 3 problems related to calculating standard costs and variances. Problem 1 provides standard cost information for a product and asks to calculate the standard fixed overhead rate and complete the standard cost card. Problem 2 provides standard variable cost information and financial data for August, and asks to calculate materials, labor, and efficiency variances. Problem 3 similarly provides standard cost and financial data for April and asks to calculate the same variances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Kelompok 4 :

    1. Ivanna Meylia Handranatan Tang 18080574022


    2. Helma Renanda YP 18080574030
    3. Dwi Andriana 18080574070
    4. Ariyana Fitria 18080574079
    5. Fuad Muttaqin 18080574136
    6. Candra kusuma W 18080574141

    PROBLEM

    1. The following standard costs were developed for one of Commodore Company's products:

    STANDARD COST CARD


    PER UNIT

    Direct materials: 4 pounds  $5 per pound $20.00


    Direct labor: 1.5 hours  $20 per hour 30.00
    Variable overhead: $10 per hour ?  
    Fixed overhead    ?  
       Total standard cost per unit    ?  

    The following information is available regarding the company's operations for the period:

    Units produced 15,000


    Materials purchased 90,000 pounds at $3.60 per pound
    Materials used 80,000 pounds
    Direct labor 9,000 hours at $16.50 per hour
    Overhead incurred:
       Variable $220,000
       Fixed $640,000

    Budgeted fixed overhead for the period is $600,000, and expected capacity for the period is 20,000 direct
    labor hours.

    Required:

    a. Calculate the standard fixed overhead rate.

    b. Complete the standard cost card for the product.


    ANS:
    a. $30 per DLH $600,000/20,000 hours

    b. STANDARD COST CARD


    PER UNIT

    Direct materials: 4 pounds  $5 per pound $ 20.00


    Direct labor: 1.5 hours  $20 per hour 30.00
    Variable overhead: 1.5 hours  $10 per hour 15.00
    Fixed overhead: 1.5 hours  $30 per hour   45.00
       Total standard cost per unit $110.00

    DIF: 2 REF: p. 371-372 OBJ: 2


    NAT: AACSB Analytic | IMA Performance measures

    2. Lisle Manufacturing has developed the following standards for one of its products:

    STANDARD VARIABLE COST CARD


    ONE UNIT OF PRODUCT

    Direct materials: 10 yards  $10 per yard $100.00


    Direct labor: 4 hours  $16 per hour 64.00
    Variable overhead: 4 hours  $10 per hour   40.00
       Total standard variable cost per unit $204.00

    The company records materials price variances at the time of purchase.

    During August, Lisle purchased 16,000 yards of material costing $169,600 and used 12,500 yards in its
    manufacturing process. There was no material inventory at August 1. Lisle recorded a total of 4,600 direct
    labor hours worked for a total payroll of $72,680. Lisle manufactured 1,200 units in August.

    Required:

    a. Calculate the materials price variance and indicate whether it is favorable or unfavorable.

    b. Calculate the materials usage variance and indicate whether it is favorable or


    unfavorable.

    c. Calculate the labor rate variance and indicate whether it is favorable or unfavorable.

    d. Calculate the labor efficiency variance and indicate whether it is favorable or


    unfavorable.
    ANS:
    a. $169,600 - (16,000 yards  $10) = $9,600 U
    b. $10  (12,500 yards - (1,200 units  10 yards)) = $5,000 U
    c. $72,680 - (4,600 hours  $16) = $920 F
    d. $16  (4,600 hours - (1,200 units  4 hours)) = $3,200 F

    DIF: 2 REF: p. 376-381 OBJ: 4


    NAT: AACSB Analytic | IMA Performance measures

    3. Georgia Manufacturing Company has developed the following standards for one of its products:

    STANDARD VARIABLE COST CARD


    ONE UNIT OF PRODUCT

    Direct materials: 6 yards  $4.50 per yard $27.00


    Direct labor: 2.5 hours  $5 per hour 12.50
    Variable overhead: 2.5 hours  $4 per hour  10.00
       Total standard variable cost per unit $49.50

    The company records materials price variances at the time of purchase.

    The following activities occurred during the month of April:

    Materials purchased 14,000 yards costing $57,750


    Materials used 12,500 yards
    Units produced 2,000 units
    Direct labor 4,500 hours costing $24,300

    Required:

    a. Calculate the materials price variance and indicate whether it is favorable or unfavorable.

    b. Calculate the materials usage variance and indicate whether it is favorable or unfavorable.

    c. Calculate the labor rate variance and indicate whether it is favorable or unfavorable.

    d. Calculate the labor efficiency variance and indicate whether it is favorable or unfavorable.

    ANS:
    a. $57,750 - (14,000 yards × $4.50) = $5,250 F
    b. $4.50 (12,500 yards - (2,000 units × 6 yards)) = $2,250 U
    c. $24,300 - (4,500 yards × $5) = $1,800 U
    d. $5 (4,500 hours - (2,000 units × 2.5 hours)) = $2,500 F

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