Standard Cost Profile Lab Treatment SU #12 Expected Treatments = 1,000 Quantity

ID: 3407162 • Letter: S

Question

Standard Cost Profile

Lab Treatment SU #12

Expected Treatments = 1,000

Quantity Quantity Unit Variable Average Average

Resource Variable Fixed Cost Cost Fixed Cost 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

$ 20.50 $ 12.80 33.30

Actual Month Cost

Lab Treatment SU #12

Actual Treatments = 1,100

Quantity Unit Total

Resource Used Cost Cost

Labor 1,600 $ 17.00 $ 27,200

Supplies 7,500 1.00 7,500

$ 34,700

Calculate the following variances:

Volume Variance

volume variance=(actual quantity consumed - budgeted expected quatity)* standard price unit.

for labour

(1600-1.6)16=25574.4

for supplies

(7500-7)1.1=8242.3

total volume variance=33816.7$

this is adverse because resource cosumption is higher ompared to budgeted.

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