ACCTG424 Lecture Notes - Apple Sauce, Types Of Chocolate, Lead Management

• School: University of Alberta
• Department: Accounting
• Course: ACCTG424
• Professor: Trish Stringer

Document Summary

In class #7. 1 direct materials and manufacturing labour variances, solving unknowns. All given items are designated by an asterisk. Budgeted price) (1,900 *) (4,000* 0. 5* *) Usage (12,500 *) (4,000* 3* *) ,250 u: flexible budget efficiency variance = ,000 ,000 = ,000. Actual dmlh = ,000 budgeted price of /hour = 1,900 hours: ,000 + price variance, ,900 = ,900, the actual direct manuf. labour cost. Actual rate = actual cost actual hours = ,900 1,900 hours = /hour: standard qty. of direct materials = 4,000 units 3 kg/unit = 12,000 kg, flexible budget + dir. matls. effcy. var. Actual cost of direct materials, ,250 price variance, ,250 = ,000. Actual direct materials price = ,250 13,000 kg = . 25 per kg. In class #7. 2 direct-materials variances, long-term agreement with supplier. Assume that metalmoulder"s standard materials input per machining system is 198 kilograms of metal.