Page 404 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 404
Chapter 15
Test your understanding 5
The material variances for the period are:
Material price variance $62 A F
Material usage variance $180 A F
Actual quantity 620 kg × Actual price $5,518
Price variance $62 F
Actual quantity 620 kg × Standard price $9 $5,580
Usage variance $180 A
Standard quantity 200 units × 3 kg × Standard price $9 $5,400
Test your understanding 6
The labour variances for the period are:
Labour rate variance $1,045 A F
Labour efficiency variance $720 A F
Actual hours 2,090 hours × Actual rate $17,765
Rate variance $1,045 F
Actual hours 2,090 hours × Standard rate $9 $18,810
Efficiency variance $720 A
Standard hours 670 units × 3 hours × Standard rate $9 $18,090
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