Homework SourseLast one needs to be done and is the rest correct DATA FOR V
Last one needs to be done and is the rest correct
DATA FOR VARIANCE ANALYSIS:
| DATA FOR VARIANCE ANALYSIS: | ||||||
| Standard Hours / Qty | Standard Rate | Actual Hours / Qty | Actual Rate | |||
| Grooming Labor | 150 | $ 12.00 | 180 | $ 11.50 | ||
| Grooming Materials | 1,000 | $ 2.00 | 1,200 | $ 3.00 | ||
| Variance | Favorable/ Unfavorable | |||||
| Groomer Direct Labor Time Variance | ||||||
| (Actual Hours - Standard Hours) x Standard Rate | $ 360.00 | unfavorable | ||||
| Groomer Direct Labor Time Variance | ||||||
| (Actual Rate - Standard Rate) x Actual Hours | $ (90.00) | favorable | ||||
| Groomer Direct Labor Time Variance | ||||||
| (Actual Quantity - Standard Quantity) x Standard Price | $ 400.00 | unfavorable | ||||
| Groomer Direct Labor Time Variance | ||||||
| (Actual Price - Standard Price) x Actual Quantity | unfavorable | |||||
Solution
Groomer direct material rate variance = (Standard price-actual price)*Actual quantity
= (2-3)*1200
Groomer direct material rate variance = $1200 Unfavorable
