ASHFORD ACC 310 Week 5 DQ 2 Fundamentals of Variance Analysis

May 8th, 2015
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ASHFORD ACC 310 Week 5 DQ 2 Fundamentals of Variance Analysis

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Fundamentals of Variance AnalysisComplete Exercise 16-28 and 16-32. Remember to complete all parts of the problems and report the results of your analysis. Do not forget to show the necessary steps and explain how your attained that outcome. Respond to at least two of your classmates' postings.16-28. Variable Cost VarianceSills Inc.Required Compute the labor and variable overhead price and efficiency variances.Labor:a) Actual costs are $21.00 per hour ($546,000 actual direct labor / 26,000 hours); the actual cost for 26,000 hours is $546,000 ($21.00 x 26,000 hours)b) Actual inputs at standard price are $20.25 per hour ($546,000 actual costs - $19,500 unfavorable variance [given] = $526,500 / 26,000 actual hours worked.c) Flexible production budget is found by multiplying the standard price of $20.25 per hour by the standard labor-hours allowed of 27,000. 27,000 x $20.25 = $54

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