1. Use the tables to answer a through e. Standard Cost Profile Lab Treatment SU
ID: 2448672 • Letter: 1
Question
1. Use the tables to answer a through e.
Standard Cost Profile
Lab Treatment SU #12
Expected Treatments = 1,000
Resource
Quantity Variable
Quantity Fixed
Unit Cost
Variable Cost
Average Fixed Cost
Average Total Cost
Labor
0.80
0.80
$16.00
$12.80
$12.80
$25.60
Supplies
7.00
0
1.10
7.70
0
7.70
Total
$20.50
$12.80
$33.30
Actual Month Cost
Lab Treatment SU #12
Actual Treatments = 1,100
Resource
Quantity Used
Unit Cost
Total Cost
Labor
1,600
$17.00
$27,200
Supplies
7,500
1.00
7,500
Total
$34,700
Calculate the following variances:
a.Efficiency Variance – Labor
b.Efficiency Variance – Supplies
c.Price Variance – Labor
d.Price Variance – Supplies
e.Volume Variance
Standard Cost Profile
Lab Treatment SU #12
Expected Treatments = 1,000
Resource
Quantity Variable
Quantity Fixed
Unit Cost
Variable Cost
Average Fixed Cost
Average Total Cost
Labor
0.80
0.80
$16.00
$12.80
$12.80
$25.60
Supplies
7.00
0
1.10
7.70
0
7.70
Total
$20.50
$12.80
$33.30
Explanation / Answer
1. Use the tables to answer a through e. Standard Cost Profile Lab Treatment SU
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